16125 Widmere Rd Arvin, CA 93203-9307
- Industrial properties
- 48,000 SF
- 4.55 lot acres
Current Use by Public Records
- Sandusky Cabinets / Sheet Metal Contractor
Property Details for 16125 Widmere Rd
- Year built
- 1972
- Construction
- WOOD
- Lot size
- 4.55 lot acres
- Property size
- 48,000 SF
- Zone code
- M-2
- Property type
- Industrial properties
- APN
- 193-100-09-00-3
- APU
- 19310009003
Description
This exceptional 48,000-square-foot industrial property, located at 16125 Widmere Road in Arvin, California, presents a compelling investment opportunity. The single-story, 1972-built facility sits on a 4.55-acre lot and is zoned M-2, County of Kern. Currently operating at 100% occupancy with a lease expiring in June 2023, this Class C building offers significant potential. Key features include a heavy power supply, conditioned warehouse space, a fully fenced and partially paved yard, and convenient access via truck well and rail spur. The low coverage ratio of 24.2% allows for expansion or additional yard storage. Priced at $3,950,000 ($82.29/SF), this property represents a strong value proposition, significantly below replacement cost, and offers a 1.50% cap rate. The property consists of one unit and is offered as a NNN lease. This is a rare opportunity to acquire a well-located industrial asset in a market with limited comparable properties. The APN is 198-100-09. The property's strategic location in Arvin, CA, zip code 93203, provides easy access to major transportation routes.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arvin
- County
- Kern
- State
- California
- Longitude
- -118.823
- Latitude
- 35.2122
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
