Office

11, 101 & 107 Lake Street

101 Lake St, Bakersfield, CA 93305

Listing Price: $1,083,500

Cap Rate
3.39%
Gross SF
12,835
Rentable SF
12,835
Price/Gross SF
$84.42
Lot Size
0.54 acres
Year Built
1948

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale this Industrial Investment Income producing property. The existing tenant has been in this building for many years and has been a very loyal and steady renter. This Industrial property is in a highly populated industrial area of Bakersfields downtown market. Key for central distribution capabilities. The physical address is 11,101 & 107 Lake Street, Bakersfield, Ca. 93305. This area attracts a lot of users due to its central location in Kern County with easy freeway accessibility.

There are three separate parcels with their own APNs. All (3) buildings will be sold as a portfolio which contain approx. 12,835sf of useable and rentable office space and warehouse. There is a loading dock that comes with the warehouse for loading ease. The existing tenant is Service Oil Company that has been in business since 1922. It is a family owned business that started in Harrisburg, PA many years ago and has steadily grown throughout the years. They provide propane, heating oil and diesel products and services. They have had a very stable business for many years and have preferred to be a leasehold tenant. There is asphalt paved parking and a completely fenced property.

Investment Highlights

  • This is an Investment Income property with a strong Tenant
  • Location, Location, Location
  • Located in the highly desirable central part of Bakersfield
  • Easy access from multiple Highways
  • Long term tenant for many years

Exclusively Listed By

Listing Price: $1,083,500

Cap Rate
3.39%
Gross SF
12,835
Rentable SF
12,835
Price/Gross SF
$84.42
Lot Size
0.54 acres
Year Built
1948

Investment Highlights

  • This is an Investment Income property with a strong Tenant
  • Location, Location, Location
  • Located in the highly desirable central part of Bakersfield
  • Easy access from multiple Highways
  • Long term tenant for many years

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale this Industrial Investment Income producing property. The existing tenant has been in this building for many years and has been a very loyal and steady renter. This Industrial property is in a highly populated industrial area of Bakersfields downtown market. Key for central distribution capabilities. The physical address is 11,101 & 107 Lake Street, Bakersfield, Ca. 93305. This area attracts a lot of users due to its central location in Kern County with easy freeway accessibility.

There are three separate parcels with their own APNs. All (3) buildings will be sold as a portfolio which contain approx. 12,835sf of useable and rentable office space and warehouse. There is a loading dock that comes with the warehouse for loading ease. The existing tenant is Service Oil Company that has been in business since 1922. It is a family owned business that started in Harrisburg, PA many years ago and has steadily grown throughout the years. They provide propane, heating oil and diesel products and services. They have had a very stable business for many years and have preferred to be a leasehold tenant. There is asphalt paved parking and a completely fenced property.

Exclusively Listed By

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