5080 California AveBakersfield, CA 93309

Property Details for 5080 California Ave

Year built

1986

Construction

WOOD

Lot size

1.33 AC

Property size (Sq ft)

100,480 SF

Zone code

CO

Property type

Office properties

Property subtype

Office buildings

APN

331-023-11-00-2

APU

33102311002

Description

The Stockdale Tower II, a prestigious Class A office building in Bakersfield's California Corridor, offers 97,508 square feet of executive office space. This four-story building, constructed in 1986, sits on 1.33 acres at 5080 California Ave, at the corner of California Avenue and Mohawk, providing high visibility. The property features two passenger elevators and a generous 983 parking spaces (4.25 ratio). Units range from 826 to 3,586 contiguous square feet, with 8,301 square feet currently vacant. Amenities include a full-service gym with showers and locker rooms for tenants, and a convenient location near restaurants and shopping. A full-service salon is located in the adjacent building. Tenants enjoy free use of the adjacent four-level parking garage. The building is zoned C-O (Kern County APN 331-023-11) and offers building signage opportunities, subject to lease terms and rates. Utilities and janitorial services are not included. This is a multiple tenancy building.

• CAP approach

  CAP return

  Valuation

  6%

  $28,652,300

  6.5%

  $26,448,278

  7%

  $24,559,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,107,276

  Geo Method

  $19,107,276

• Alternative Use

  Use

  Valuation

  Residential

  $32,795,864

  Hospitality

  $30,040,836

  Educational

  $24,993,622

  Medical

  $25,853,192

  Retail

  $38,878,968

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3618

Longitude

-119.06

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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