5151 Stockdale Hwy
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5151 Stockdale Hwy
11,133 SF Vacant Office Building Bakersfield, CA 93309 $4,500,467 CAD ($404 CAD/SF)
Investment Highlights
- Owner-user opportunity with a vacant portion representing 54% of building area
- Highly visible Stockdale Highway location just east of California Avenue
- Located at essentially the geographic center of Bakersfield in the heart of a thriving retail and office corridor
- The remainder of the building is leased to Mechanics Bank
- The building has been partially or fully occupied by a bank since construction in 1981
- Neighbors include Starbucks, In-N-Out Burger, Chick-fil-A, CVS Pharmacy, ALDI, Smart & Final Extra and Outback Steakhouse
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
11,133 SF
Building Class
B
Year Built
1981
Price
$4,500,467 CAD
Price Per SF
$404 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,133 SF
Building FAR
0.29
Land Acres
0.89 AC
Zoning
C-O - Commercial Office
Parking
3.05 Spaces per 1,000 SF Leased
Amenities
- Banking
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Stand alone space with direct entry.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 5,980 SF | Office | Full Build-Out | Now |
1st Fl-Ste 101
| Size |
| 5,980 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 101
| Size | 5,980 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Stand alone space with direct entry.
PROPERTY TAXES
| Parcel Number | 194-450-27-00-4 | Improvements Assessment | $1,180,913 CAD |
| Land Assessment | $916,148 CAD | Total Assessment | $2,097,061 CAD |
PROPERTY TAXES
Parcel Number
194-450-27-00-4
Land Assessment
$916,148 CAD
Improvements Assessment
$1,180,913 CAD
Total Assessment
$2,097,061 CAD
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Power Broker Matthew Starr, SIOR, CCIM -
ASU Commercial
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5151 Stockdale Hwy
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