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Property profile

151 Truxtun Ave Bakersfield, CA 93305

OFF-MARKET
Manufacturing properties
Property ID
US09-2723301
19,251 SF 2.04 ac lot Built 1966
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 151 E. Truxtun Ave. in Bakersfield, Kern County, offers a substantial 22,570 square feet of warehouse and canopy space situated on a generous 2.28-acre lot. The property boasts excellent visibility and accessibility with frontage on both Truxtun Avenue and Union Avenue. The building features a 1,288 square foot office area, complementing the expansive warehouse and canopy space ideal for various manufacturing or storage needs. The entire 22,570 square feet is currently vacant and available for immediate occupancy. The property is fully fenced, providing enhanced security. Utilities are serviced by PG&E (electricity and gas) and California Water Service, with sewer provided by the City of Bakersfield. The property is zoned M-1 and C-2 by the City of Bakersfield, allowing for a range of industrial uses. The electrical service is 200 Amps, 120/280V, 3-phase (tenant to verify). The asking rent is $6,500 per month. This presents a unique opportunity to secure a well-located, sizable industrial space in a thriving Kern County market. The property's size, location, and features make it an attractive option for businesses seeking a versatile and functional industrial facility. Contact us today to schedule a viewing.

Property profile

Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 1966
Construction WOOD
Total area 19,251 SF
Lot 2.04 ac (88,862 SF)
Zoning code M-1
APN 016-360-01-00-3
UPID US09-2723301

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Management Consultant
  • Freight Service Logistics Company

Location

151 Truxtun Ave Bakersfield, CA 93305-5639
Bakersfield metro Census 1500 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$834k
Blend (final) Blend
$870k

Owner & transaction history

since 2016
5 recorded transactions
2016
Price N/A
2014
Price N/A
2014
Price N/A
2014
$202,000
1998
Price N/A

Zoning & alternative use

M-1 · Bakersfield, CA
Zoning description

The intent of M-1 zone is to promote light manufacturing and related uses

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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