Flex Warehouse with Roll-Up
3951 Fruitvale Ave. Bakersfield, CA 93308
3951 Fruitvale Ave., Bakersfield, CA, 93308
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For Sale
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Three flex/warehouse buildings total about 23,455 SF, with multiple roll-up doors and office/RR space.
Property Size23,455 SF
Price / SF$127.90
Days on Market9
Property Features for 3951 Fruitvale Ave.
General Information
- Standard status
- Active
- Size
- 23,455 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing Agency
Cushman & Wakefield - Bakersfield, California
(661) 589-9160
Listed by
Alex Balfour · License #01709847
Source
Crexi
Added: Jul 9 Checked: Jul 15 at 7:09 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 Cushman & Wakefield - Bakersfield, California
Investment Insights
Based on property information with market context.
This flex warehouse property consists of three buildings totaling approximately 23,455 SF. Building 1 includes about 14,375 SF with approximately 4,048 SF of office/RR space, along with canopy areas of about 1,500 SF and 1,000 SF. Building 1 is equipped with (2) 14' x 14' roll-up doors, (2) 12' x 14' roll-up doors, (1) 10' x 10' roll-up door, and (1) 10' x 8' roll-up door.
Building 2 totals about 6,680 SF and includes approximately 180 SF of office/RR space plus a 1,500 SF canopy, served by (9) 15' x 15' roll-up doors. Building 3 totals about 2,400 SF with a 1,600 SF and 700 SF canopy configuration, and includes (3) roll-up doors.
The property is located at 3951 Fruitvale Ave. in Bakersfield, CA and is offered for sale.
Building 2 totals about 6,680 SF and includes approximately 180 SF of office/RR space plus a 1,500 SF canopy, served by (9) 15' x 15' roll-up doors. Building 3 totals about 2,400 SF with a 1,600 SF and 700 SF canopy configuration, and includes (3) roll-up doors.
The property is located at 3951 Fruitvale Ave. in Bakersfield, CA and is offered for sale.
Key Highlights
- Three flex/warehouse buildings totaling about 23,455 SF (Building 1: 14,375 SF; Building 2: 6,680 SF; Building 3: 2,400 SF)
- Year built 1985
- Building 1 includes office/RR space (4,048 SF) plus office/RR and canopy areas
Local Financial Insights For Industrial
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 | $365.9k | $15.60 |
| − Vacancy | −$23.8k | −$1.01 |
| EGI | $342.1k | $14.59 |
| − OpEx | −$102.6k | −$4.38 |
| NOI | $239.5k | $10.21 |
23,455 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$4.15M
$3.63M – $4.85M
NOI $290,797 @ 7.0% cap · market cap 9.69%
Second Best
Industrial
$3.42M
$2.99M – $3.99M
NOI $239,480 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$6.22M
$5.45M – $7.26M
NOI $435,700 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kern County Animal ...
Animal Shelter
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FAQs
What type of property is this?
Flex space - Three flex/warehouse buildings total about 23,455 SF, with multiple roll-up doors and office/RR space.
Where is this flex space located?
The property is located at 3951 Fruitvale Ave. Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Three flex/warehouse buildings totaling about 23,455 SF (Building 1: 14,375 SF; Building 2: 6,680 SF; Building 3: 2,400 SF); Year built 1985; Building 1 includes office/RR space (4,048 SF) plus office/RR and canopy areas
