5151 Stockdale Hwy - Office FOR SALE


Bakersfield, CA 93309
$3,175,000 USD
661-616-3570
5151 Stockdale Hwy, Bakersfield, CA for Sale
$3,175,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

5151 Stockdale Hwy
Bakersfield, CA 93309


HIGHLIGHTS

  • Owner-user opportunity with a vacant portion representing 54% of building area
  • The remainder of the building is leased to Mechanics Bank
  • Highly visible Stockdale Highway location just east of California Avenue
  • The building has been partially or fully occupied by a bank since construction in 1981
  • Located at essentially the geographic center of Bakersfield in the heart of a thriving retail and office corridor
  • Neighbors include Starbucks, In-N-Out Burger, Chick-fil-A, CVS Pharmacy, ALDI, Smart & Final Extra and Outback Steakhouse

OVERVIEW

ASU Commercial is pleased to offer for sale the fee simple interest in 5151 Stockdale Highway in Bakersfield, CA. The property is a two-tenant office building partially occupied by Mechanics Bank, with a vacant portion consisting of approximately 5,980 square feet. The existing vacancy consists of approximately 54% of the building, well suited for an owner-occupant. The property is located within Bakersfield’s southwest office submarket, and has a distinct retail presence with fantastic visibility and signage along a thoroughfare with heavy traffic volume. Mechanics Bank has a long-standing history at this location and this branch represents the largest deposits ($124mm) of any of Mechanics’ Kern County branches. The mature submarket provides barrier to entry in the immediate area and the price is well below replacement cost.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

C-O

APN/PARCEL ID

194-450-27-00-4

ASK ABOUT THIS PROPERTY

Matthew Starr, SIOR, CCIMASU CommercialMore Info
661-616-3570

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Matthew Starr, SIOR, CCIMASU CommercialMore Info
661-616-3570

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