Vacant Office Building For
901 Tower Way Bakersfield, CA 93309
901 Tower Way, Bakersfield, CA, 93309
Contact for pricing
For Sale
Contact for pricing
Three-story vacant office building in the Southwest Office Market.
Property Size28,411 SF
Price / SF$148.71
Days on Market113
Property Features for 901 Tower Way
General Information
- Standard status
- Active
- Size
- 28,411 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing Agency
ASU Commercial
Listed by
Martin Starr · License #CA 01179469
Source
Crexi
Added: Mar 27 Checked: Jul 17 at 6:00 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.
Located in the Southwest Office Market of Bakersfield, 901 Tower Way is a three-story office building. The property is fully vacant, making it suitable for an owner/user of office space. The building is situated near over 3.2 million square feet of professional office space off of the California Avenue corridor. Its location provides access to all areas of Greater Bakersfield via the Truxtun Avenue Extension, the Westside Parkway, and Highway 99. The property contains 28,411 square feet. The seller is replacing two 50-ton HVAC units and installing a new boiler pump prior to sale.
Key Highlights
- Ideal for owner/user due to fully vacant status.
- Located in the heart of Bakersfield’s largest office submarket.
- Excellent access to all areas of Greater Bakersfield via Truxtun Avenue Extension, Westside Parkway, and Highway 99.
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 | $596.6k | $21.00 |
| − Vacancy | −$95.5k | −$3.36 |
| EGI | $501.2k | $17.64 |
| − OpEx | −$125.3k | −$4.41 |
| NOI | $375.9k | $13.23 |
28,411 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.26M
NOI $375,878 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.54M
$6.60M – $8.80M
NOI $527,763 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jennifer L. Angelo, ...
Physician
Driltek Inc.
Construction Company
US Probation & Parole ...
Probation Office
Lauren G. Lieder, ...
Physician
Edward Jones - Financial ...
Financial Advisor
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FAQs
What type of property is this?
Office building - Three-story vacant office building in the Southwest Office Market.
Where is this office building located?
The property is located at 901 Tower Way Bakersfield, CA.
What is the asking price?
The asking price for this property is $4,225,000.
What are key features of this property?
This property features: Ideal for owner/user due to fully vacant status.; Located in the heart of Bakersfield’s largest office submarket.; Excellent access to all areas of Greater Bakersfield via Truxtun Avenue Extension, Westside Parkway, and Highway 99.
