Multi-Tenant Office/Flex/Warehouse
For Sale
Contact for pricing
7001 White Ln, Bakersfield, CA 93309
23,285 SF multi-tenant building in Stockdale Industrial Park.
Property Size23,285 SF
Lot Size2.13 Acres
Price / SF$214.73
Days on Market843
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Property Features for 7001 White Ln
General Information
Standard status
Active
Size
23,285 SF
Lot size
2.13 Acres
Property subtype
Industrial
Zoning
M-1
Building Details
Units
20
Listing Agency:
ASU Commercial
Listed By:
Wesley Mcdonald · License #CA
(661) 885-6949
Source:
Crexi
Added: Jun 25, 2024
Changed: Oct 2
Last Checked: Oct 14 at 10:22PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$237,745
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,754,900
$4.8M
Cap Rate 7%
$3,396,357
$3.4M
Cap Rate 9%
$2,641,611
$2.6M
Market Conditions
NOI Build-Up for 23,285 SF
Gross rent
$363.2K $15.60/SF
− Vacancy
−$23.6K −$1.01/SF
EGI
$339.6K $14.59/SF
− OpEx
−$101.9K −$4.38/SF
NOI
$237.7K $10.21/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,754,900
Cap Rate 7%
$3,396,357
Cap Rate 9%
$2,641,611
Alternative Uses
Best Use
Industrial
$3.40M
$2.97M – $3.96M
NOI $237,745 @ 7.0% cap · market cap 4.75%
Second Best
Flex RnD
$3.14M
$2.74M – $3.66M
NOI $219,582 @ 7.0% cap · market cap 4.39%
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 authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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Frequently Asked Questions
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.**
