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    7005 Downing Ave Bakersfield, CA 93308

    Sponsored
    For Sale
    $1,350,000

    Net-leased industrial; strong ROI potential.

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 7,500 square foot flex space property located at 7005 Downing Ave, Bakersfield, CA 93308. The property sits on a 1.59-acre lot and is zoned M-3, offering versatility for various industrial uses. Currently under a net lease agreement with a remaining term of four years (commencing June 1st, 2023, and expiring May 31st, 2027), this investment provides immediate cash flow. The asking price is $1,350,000. The property's strategic location in Bakersfield's Rosedale "Oilpatch" submarket, just north of Rosedale Highway, east of Coffee Road, and west of Fruitvale Avenue, ensures strong tenant demand and potential for future appreciation. The single building comprises the entire 7,500 square feet, offering efficiency and ease of management. The property's APN is 450-070-43. This is a turnkey investment ideal for those seeking a stable, income-generating asset in a thriving industrial area. The long-term lease provides security and predictable returns, making this a compelling opportunity for discerning investors. Don't miss this chance to acquire a well-located, net-leased industrial property in a high-demand market.

    Property Features for 7005 Downing Ave

    General Information

    Property type
    Flex space
    Square Feet
    7,500 SF
    Lot Size
    69,260 SF

    Building Details

    Buildings
    1

    HighLights

    • $1,350,000 asking price for this net‑leased industrial property.
    • 7,500 square foot flex building on a 1.59‑acre lot.
    • Located at 7005 Downing Ave, Bakersfield, CA 93308 (APN 450‑070‑43).
    • M‑3 zoning.
    • Five‑year lease, four years remaining, commencing June 1, 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dave's Fleet Maintenance ... Towing Service Tyrion Integration Services, ... Automation Company

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0809466
    Latitude
    35.3902221

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    FAQs

    What type of property is this?
    Flex space - Net-leased industrial; strong ROI potential.
    Where is this flex space located?
    The property is located at 7005 Downing Ave Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: $1,350,000 asking price for this net-leased industrial property.; 7,500 square foot flex building on a 1.59-acre lot.; Located at 7005 Downing Ave, Bakersfield, CA 93308 (APN 450-070-43).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7005 Downing Ave Bakersfield, CA 93308
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