ASU Commercial is pleased to present for sale 200 New Stine Road, located within one of Bakersfield’s most vibrant and active commercial office areas, the California Avenue Corridor. 200 New Stine Road is a two story, multi-tenant office building, constructed in 1975 which has undergone consistent upgrading and remodeling throughout the years. Current ownership has owned and operated the property for more than 25 years. A unique value add opportunity is created by an increase in current vacancy due to a large nearly half building occupant relocating and downsizing to an alternative submarket. This creates the potential for repositioning of the vacancy to capitalize on the increasing rental rate environment of Bakersfield’s office market.
RECENT LEASING HAS INCREASED OCCUPANCY 12.59%