Multi-Tenant Office/Flex/Warehouse
7001 White Ln Bakersfield, CA 93309
7001 White Ln, Bakersfield, CA, 93309
Contact for pricing
For Sale
Contact for pricing
23,285 SF multi-tenant building in Stockdale Industrial Park.
Property Size23,285 SF
Lot Size2.13 Acres
Price / SF$214.73
Days on Market753
Property Features for 7001 White Ln
General Information
- Standard status
- Active
- Size
- 23,285 SF
- Lot size
- 2.13 Acres
- Property subtype
- Industrial
Listing Agency
ASU Commercial
(661) 885-6949
Listed by
Wesley Mcdonald · License #CA
Source
Crexi
Added: Jun 25, 2024 Checked: Jul 16 at 4:52 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.
This 23,285 square foot multi-tenant office, flex, and warehouse building, known as the Stockdale Automotive Center, is available for purchase. The building is 95% leased to five tenants. It is located within the Stockdale Industrial Park in southwest Bakersfield. A significant portion of the tenants, occupying 61% of the building's footprint, have been in place for over ten years. The property has frontage on White Lane, a major east-west arterial in Southwest Bakersfield, and is situated three miles west of the Bakersfield Auto Mall. The building features a fully sprinkled fire suppression system, full paving, and a recently updated greenscape along White Lane. Access is facilitated by two points of ingress and egress along Mexicali Drive. The property is situated on 2.13 acres of M-1 (Light Industrial) zoned land.
Key Highlights
- 95% leased multi‑tenant office/flex/warehouse building providing immediate income.
- Located in the Stockdale Industrial Park in southwest Bakersfield.
- Long‑term tenant stability: 61% of the project's footprint is occupied by tenants of over 10 years.
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 | $489.0k | $21.00 |
| − Vacancy | −$78.2k | −$3.36 |
| EGI | $410.7k | $17.64 |
| − OpEx | −$102.7k | −$4.41 |
| NOI | $308.1k | $13.23 |
23,285 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.40M
$3.85M – $5.13M
NOI $308,061 @ 7.0% cap · market cap 6.16%
Second Best
Warehouse
$4.12M
$3.61M – $4.81M
NOI $288,690 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$6.18M
$5.41M – $7.21M
NOI $432,542 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Michel Upholstery
Furniture & Home Goods
All Automatic Transmission ...
Auto Repair Shop
John's Independent Honda
Car Dealership
Speedy Smog
Sustainability Organization
Bakersfield Over-Time Automotive
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 23,285 SF multi-tenant building in Stockdale Industrial Park.
Where is this flex space located?
The property is located at 7001 White Ln Bakersfield, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 95% leased multi‑tenant office/flex/warehouse building providing immediate income.; Located in the Stockdale Industrial Park in southwest Bakersfield.; Long‑term tenant stability: **61% of the project's footprint is occupied by tenants of over 10 years.**
