7900 White Ln, Bakersfield, CA 93309-7686
- Grocery and convenience stores
- 42,671 SF
- 3.91 lot acres
Current Use by Public Records
- Albertsons / Grocery & Convenience Store / Food Market
- Starbucks / Cafe & Coffee Shop
- Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Primo Water Refill & Exchange / Big Box & Wholesale Store
Property Details for 7900 White Ln
- Year built
- 1990
- Construction
- WOOD
- Lot size
- 3.91 lot acres
- Zone code
- C2
- Property type
- Grocery and convenience stores
- APN
- 385-430-05-00-6
- APU
- 38543005006
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 8, 2016 | $6,000,000 | Albertsons LLC | Spirit Spe Hg 2015-1 LLC | Grant Deed | — |
| Apr 2, 2015 | $8,550,500 | Spirit Spe Hg 2015-1 LLC | Abs Ca-o LLC | Grant Deed | — |
| Apr 17, 2013 | — | Abs Ca-o LLC | New Albertsons INC | Warranty Deed | — |
| Dec 4, 2012 | — | New Albertsons INC | — | Deed Of Trust · related | $1,000M · Credit Suisse Ag |
| Jul 6, 2006 | — | New Albertsons INC | Albertsons LLC | Quit Claim Deed | — |
| — | — | Abs Ca-o LLC | — | Deed Of Trust · related | $1,050M · Bank Of America |
Description
This exceptional 37,089 square foot retail center in Bakersfield, CA, boasts 100% occupancy across 18 tenants, including Dollar Tree, Little Caesars, and H&R Block. Located at 7900 White Lane, 93309, this multi-tenant property is shadow-anchored by an Albertsons grocery store, ensuring high traffic and consistent demand. The property benefits from a strong mix of national and regional tenants, providing a secure investment with diverse income streams. Many tenants have below-market lease rates, presenting a significant value-add opportunity for future rent increases. The center enjoys a long-term operating history, with approximately 65% of the gross leasable area having been occupied for 13 years or more. Situated at a heavily trafficked intersection (approximately 65,000 cars per day), this center serves a dense trade area with over 270,000 residents within a 5-mile radius and an average household income exceeding $96,000 within 3 miles. The asking price is $13,297,000, translating to $358.52 per square foot. Rent bumps vary by tenant, offering potential for increased revenue. Lease options also vary. This property represents a compelling investment opportunity in a thriving Bakersfield market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,118,000
Market price range: $1.31M - $5.24M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,065,000 Current use
- AUTO REPAIR, GARAGE
- $6,795,000 Change: +12% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $6,020,000 Change: -1% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $5,755,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.09
- Latitude
- 35.3192
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
