Flex Warehouse with Roll-Up
For Sale
Contact for pricing
3951 Fruitvale Ave., Bakersfield, CA 93308
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 Market99
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Property Features for 3951 Fruitvale Ave.
General Information
Standard status
Active
Size
23,455 SF
Property subtype
Industrial
Zoning
M-2 PD, County of Kern
Occupancy
100%
Investment Type
Owner/User
Additional Details
Drive-In Doors
18
Building Details
Year Built
1985
Buildings
3
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Bakersfield, California
Listed By:
Alex Balfour · License #01709847
(661) 304-2521
Source:
Crexi
Added: Jul 9
Changed: Oct 8
Last Checked: Oct 14 at 11:13PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$239,480
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,789,600
$4.8M
Cap Rate 7%
$3,421,143
$3.4M
Cap Rate 9%
$2,660,889
$2.7M
Market Conditions
NOI Build-Up for 23,455 SF
Gross rent
$365.9K $15.60/SF
− Vacancy
−$23.8K −$1.01/SF
EGI
$342.1K $14.59/SF
− OpEx
−$102.6K −$4.38/SF
NOI
$239.5K $10.21/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,789,600
Cap Rate 7%
$3,421,143
Cap Rate 9%
$2,660,889
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 authorities.
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Current Use
Lease Details
18
Drive-in doors
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Prohibition Lounge at 1933 Event Center — 7900 Downing Ave a, Bakersfield, CA 93308
Frequently Asked Questions
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
