3801 Pegasus Dr Bakersfield, CA 93308-6873

Property Details for 3801 Pegasus Dr

Year built

1994

Construction

WOOD

Lot size

4.58 lot acres

Property size

55,960 SF

Property type

Office buildings

APN

492-150-10-00-0

APU

49215010000

Description

This exceptional investment opportunity presents a 57,439-square-foot industrial portfolio comprising two buildings situated on a 7.83-acre lot in Bakersfield, California. The property, located at 3801 Pegasus Drive and 3501 Unicorn Road, benefits from a prime corner location with multiple access points and highway frontage. The buildings, constructed in 1994, feature ceiling heights ranging from 18'6" to 19'6" and boast a total of ten ground-level loading doors. Currently, the property is 49.5% occupied by four tenants, offering immediate cash flow and significant value-add potential. The buildings are zoned M-2 PD H, allowing for diverse uses including manufacturing, processing, assembly, office, medical, retail, service, and warehousing. One building, 3801 Pegasus Drive, features three occupied suites totaling approximately 18,700 square feet, with the remaining 29,005 square feet vacant. The second building, 3501 Unicorn Road, is a 9,730-square-foot structure fully occupied by a single tenant. The asking price is $10,339,020, translating to $180 per square foot. This property presents a rare opportunity to acquire a substantial industrial portfolio in a rapidly growing Kern County submarket, less than a mile from major highway access points. The property's location offers excellent visibility and convenient access to transportation networks. The existing tenancy provides a stable income stream, while the significant vacant space allows for future expansion or lease-up opportunities. This is an ideal owner-user or value-add investment.

Location Insight

City

Bakersfield

County

Kern

State

California

Longitude

-119.073

Latitude

35.4392

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments