7005 Downing Ave Bakersfield, CA 93308
- Industrial properties
- 7,500 SF
- 1.59 lot acres
Current Use by Public Records
- Dave's Fleet Maintenance & Towing / Towing Service
- Tyrion Integration Services, Inc. / Automation Company / Business To Business Service
Property Details for 7005 Downing Ave
- Year built
- 1983
- Construction
- STEEL FRAME
- Lot size
- 1.59 lot acres
- Property size
- 7,500 SF
- Zone code
- M-3
- Property type
- Industrial properties
- APN
- 452-070-43-00-1
- APU
- 45207043001
Description
This exceptional investment opportunity presents a 7,500 square foot flex space property located at 7005 Downing Ave, Bakersfield, CA 93308. The property sits on a 1.59-acre lot and is zoned M-3, offering versatility for various industrial uses. Currently under a net lease agreement with a remaining term of four years (commencing June 1st, 2023, and expiring May 31st, 2027), this investment provides immediate cash flow. The asking price is $1,350,000. The property's strategic location in Bakersfield's Rosedale "Oilpatch" submarket, just north of Rosedale Highway, east of Coffee Road, and west of Fruitvale Avenue, ensures strong tenant demand and potential for future appreciation. The single building comprises the entire 7,500 square feet, offering efficiency and ease of management. The property's APN is 450-070-43. This is a turnkey investment ideal for those seeking a stable, income-generating asset in a thriving industrial area. The long-term lease provides security and predictable returns, making this a compelling opportunity for discerning investors. Don't miss this chance to acquire a well-located, net-leased industrial property in a high-demand market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,170,000
- 6.5%
- $3,430,000
- 7%
- $3,155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,810,000
- Geo Method
- $3,445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,835,000
- Retail
- $3,780,000
- Mixed-Use
- $3,775,000
- Hospitality
- $2,995,000
- Educational
- $3,850,000
- Residential Income
- $3,445,000
- Energy
- $3,350,000
- Income-Based Land
- $2,935,000
- Food Service
- $3,690,000
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.081
- Latitude
- 35.3896
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
