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8302 Espresso Drive

Bakersfield, CA 93312
  • $3,600,000
  • STATUS: Active
  • ON SITE: 234 Days
  • ID#: 202311078
UPDATED: 138 min ago
$3,600,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,632
    SQFT
  • $285
    $/SQFT
Neighborhood:
62
Type:
Commercial
Built:
2006
County:
Area:
62

School Ratings & Info

Description

ASU Commercial is pleased to offer for sale this fully leased multi-tenant office building located in a vibrant, highly desirable area of Northwest Bakersfield. The asset, originally constructed for an owner-user and maintained with Pride of Ownership, now offers investors' stabilized income in a proven, low vacancy submarket. Bakersfield continues to experience robust economic growth, driven by its diverse economy, favorable business climate, and strategic location within California's Central Valley. The city's expanding population and strong job market contribute to sustained demand for commercial real estate, making it an attractive investment destination for discerning investors.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-06-16T17:31:36.06.
www.kerncountyhouse.com/homes/144682814
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8302 Espresso Drive Bakersfield, CA 93312

  • Price: $3,600,000
  • Status: Active
  • On Site: 234 Days
  • Updated: 138 min ago
  • ID#: 202311078
0
Beds
0
Baths
0
½ Baths
1
Acres
12,632
SQFT
$285
$/SQFT
2006
Built
Neighborhood:
62
County:
Kern
Area:
62
Property Description
ASU Commercial is pleased to offer for sale this fully leased multi-tenant office building located in a vibrant, highly desirable area of Northwest Bakersfield. The asset, originally constructed for an owner-user and maintained with Pride of Ownership, now offers investors' stabilized income in a proven, low vacancy submarket. Bakersfield continues to experience robust economic growth, driven by its diverse economy, favorable business climate, and strategic location within California's Central Valley. The city's expanding population and strong job market contribute to sustained demand for commercial real estate, making it an attractive investment destination for discerning investors.
Property Features

Annual Gross Income 328507.20 Annual Net Income 234609.72 Cap Rate 6.52 Commercial Type Commercial Current Use Office Total Annual Expense 81549.60 Zone C-2 (Regional Commercial)

Listing courtesy of Dylan Lym of ASU Commercial: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-06-16T17:31:36.06.
 
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Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301