Multi-Tenant Office Building For
8302 Espresso Dr Bakersfield, CA
8302 Espresso Dr, Bakersfield, CA, 00000
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For Sale
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12,632 SF multi-tenant office building 100% leased in Bakersfield, CA.
Property Size12,632 SF
Lot Size1.00 Acre
Price / SF$284.99
Days on Market788
Property Features for 8302 Espresso Dr
General Information
- Standard status
- Active
- Size
- 12,632 SF
- Lot size
- 1.00 Acre
- Property subtype
- OFFICE
Listing Agency
ASU Commercial
(661) 616-3567
Listed by
Martin J. Starr · License #02103385
Source
Moodyscre
Added: May 20, 2024 Checked: Jul 16 at 8:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ASU Commercial
Investment Insights
Based on property information with market context.
This multi-tenant office building, constructed in 2006, is 100% leased to established, long-term tenants. The property is located in Northwest Bakersfield, west of the signalized intersection of Granite Falls Drive and Coffee Road, a major north/south arterial connecting NW Bakersfield and SW Bakersfield. It is situated in an affluent submarket with favorable demographics and a strong business presence. The location offers proximity to the Westside Parkway, providing connectivity to Central Bakersfield, Highway 58, and Highway 99. The building is of high-quality concrete construction and is located north of the Northwest Promenade Shopping Center, Bakersfield’s largest shopping center of more than 1,000,000 square feet, which houses numerous major retailers and national brands. The property contains 12,632 square feet.
Key Highlights
- 100% Leased to established, long‑term tenants, providing immediate income.
- Prime location in Northwest Bakersfield at a signalized intersection of a major arterial.
- High‑quality concrete construction built in 2006, offered below replacement cost.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $265.3k | $21.00 |
| − Vacancy | −$42.4k | −$3.36 |
| EGI | $222.8k | $17.64 |
| − OpEx | −$55.7k | −$4.41 |
| NOI | $167.1k | $13.23 |
12,632 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,121 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,652 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Center for Autism & Related ...
Medical Clinic
Lock Bakersfield
Locksmith
Graham Harrison- NAI ...
Real Estate Agency
My Gym Children ...
Gym & Fitness Center
Brianna Houck
Counselor
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FAQs
What type of property is this?
Office building - 12,632 SF multi-tenant office building 100% leased in Bakersfield, CA.
Where is this office building located?
The property is located at 8302 Espresso Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 100% Leased to established, long‑term tenants, providing immediate income.; Prime location in Northwest Bakersfield at a signalized intersection of a major arterial.; High‑quality concrete construction built in 2006, offered below replacement cost.
