241 S Union Ave - Warehouse FOR SALE


Bakersfield, CA 93307
$4,361,100 USD
661-444-5196
241 S Union Ave, Bakersfield, CA for Sale
$4,361,100 USD
Warehouse - FOR SALE
1/1
null | 6.4% Cap Rate

241 S Union Ave
Bakersfield, CA 93307


HIGHLIGHTS

  • Location, Location, Location
  • Bakersfield is now California’s Ninth Largest City, growing at 6% per year.
  • Convenient access to Hwy(s) 99 ,58 and I-5.
  • This Building fronts on Union Avenue in the heart of our main Business District.
  • (3) High Quality buildings all on one site.
  • Freeway accessibility for ease of Transport.

OVERVIEW

Marcus & Millichap are pleased to present For Sale ( or Lease) this new to market Industrial Property with (3) Buildings on a single site. Located at 241 S. Union Ave., Bakersfield, CA 93307. The property includes (3) buildings approx. 30,000sf in total warehouse space. Comprised as follows; The main building built in 1966 out of (CIP) Cast in Place Concrete which is very sustainable. There is office and warehouse adjoining each other. The 2nd building is approx. 9,000sf CIP warehouse facility built in 1979. The 3rd building is approx. 10,000sf metal building built in 2009. The site consists of a 3.49-acre yard area with an external loading dock in the yard. The site is accessible from Union Ave. and Terrace Way. There are multiple points of ingress/egress. This is a must-have property!! It is at an on/off ramp of Highway 58 that is a major thoroughfare to east & westbound traffic to both coasts of the United States. This is a highly visible property from all directions. One buyer can use ALL the buildings and site OR fractionally lease buildings and site yard parking, etc. This is a great investment opportunity with rare availability. Don’t miss this opportunity!! This property can be purchased or leased. It is available now for sale or lease. Regarding a sale, the Owner may be receptive to buyer needing financial help with an Owner Carry Finance option. The buyer would have to exhibit financial strength with a significant down payment. Rarely does an opportunity such as this come to the market, when it does, the opportunity is sold quickly.

FOR SALE DETAILS

PRICE

$4,361,100 USD

PRICE/SF

$150 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Truck Terminal

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

21 Ft

DOCKS

1

DRIVE INS

5

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.49

LAND SF

152,024

ZONING

C-2

APN/PARCEL ID

011-030-11-00-1,011-030-12-00-4,011-030-13-00-1,011-030-14-00-0

ASK ABOUT THIS PROPERTY

Bruce BarnhardMarcus & MillichapMore Info
661-444-5196

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Bruce BarnhardMarcus & MillichapMore Info
661-444-5196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.