7001 White Ln Bakersfield, CA 93309

This exceptional investment opportunity presents a 23,285-square-foot multi-tenant flex/warehouse building in Bakersfield, California. Located within the Stockdale Industrial Park, this property boasts a prime location on White Lane, a major east-west arterial, just three miles west of the Bakersfield Auto Mall. The property, known as the Stockdale Automotive Center, comprises two buildings divided into twenty individual suites, offering significant flexibility for future development. Currently 95% leased to five tenants, with six of them occupying 61% of the space for over a decade, ensuring stable income. The property features a fully paved lot, a recently updated landscape, convenient access from Mexicali Drive, and ample parking (expanded by 30 stalls in 2021). Built in 1987, the fully sprinklered building sits on 2.13 acres of M-1 (Light Industrial) zoned land. Eight suites have been renovated since the current ownership acquired the property. The existing breezeway between the buildings offers potential for inexpensive expansion and increased income. The property's location and zoning allow for potential conversion of some suites to retail uses, presenting significant upside potential in rental income. Offered at $5,000,000 ($214.73/sq ft, $250,000/unit), this property represents a compelling value proposition significantly below replacement cost. The property's consistent high occupancy rate over the past decade underscores its strong market position and enduring appeal. This is a rare opportunity to acquire a well-maintained, high-performing industrial property with substantial upside potential in a desirable Bakersfield location.