Multi-Unit Flex Warehouse
3600 Pegasus Dr Bakersfield, CA 93308
For Sale
Contact for pricing
16 flex warehouse condominium units each include a private fenced yard and a 12' x 12' ground-level roll-up door.
Property Size3,800 SF
Price / SF$175
Days on Market26
Property Features for 3600 Pegasus Dr
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Industrial
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
Wesley Mcdonald · License #CA
Source:
Crexi
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 23 at 6:15AM
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 offering consists of sixteen individual flex warehouse condominiums, each with its own private, fenced and paved yard. Every unit includes one 12' x 12' ground-level roll-up door. Warehouse floors are polished, and each suite is equipped with 480-volt power. Construction includes a 500-square-foot office build-out in each condo, with a fridge, dishwasher, and microwave.
The condominiums share a common area parking lot and are configured in four size groups: 3,400, 3,600, 3,800, and 4,000 square feet, with four units in each size. The project is zoned M-2 PD.
Each condo also includes a 2,000-square-foot fenced and paved yard, providing dedicated outdoor space tied to the individual suite.
The condominiums share a common area parking lot and are configured in four size groups: 3,400, 3,600, 3,800, and 4,000 square feet, with four units in each size. The project is zoned M-2 PD.
Each condo also includes a 2,000-square-foot fenced and paved yard, providing dedicated outdoor space tied to the individual suite.
Key Highlights
- Sixteen (16) individual flex warehouse condo units with private, 2,000 SF fenced and paved yards
- Each condo includes a 12' x 12' ground‑level roll‑up door
- Condo sizes include four (4) each at 3,400 SF, 3,600 SF, 3,800 SF, and 4,000 SF
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 | $79.8k | $21.00 |
| − Vacancy | −$12.8k | −$3.36 |
| EGI | $67.0k | $17.64 |
| − OpEx | −$16.8k | −$4.41 |
| NOI | $50.3k | $13.23 |
3,800 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$718.2K
$628.4K – $837.9K
NOI $50,274 @ 7.0% cap · market cap 7.56%
Second Best
Warehouse
$673.0K
$588.9K – $785.2K
NOI $47,113 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.01M
$882.4K – $1.18M
NOI $70,589 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Heat Treating Inc
HVAC Service
Kern County Dental ...
Charitable Organization
Gunnar Energy Services
Corporate Office
Angels Cremation Center
Social Service Agency
McCormick Biological Inc.
Environmental Consultant
FAQs
What type of property is this?
Flex space - 16 flex warehouse condominium units each include a private fenced yard and a 12' x 12' ground-level roll-up door.
Where is this flex space located?
The property is located at 3600 Pegasus Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Sixteen (16) individual flex warehouse condo units with private, 2,000 SF fenced and paved yards; Each condo includes a 12' x 12' ground‑level roll‑up door; Condo sizes include four (4) each at 3,400 SF, 3,600 SF, 3,800 SF, and 4,000 SF
