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3801 Pegasus Dr

57,439 SF Vacant Office Building Bakersfield, CA 93308 $10,339,020 ($180/SF)

Investment Highlights

  • 7.83 total acres (two (2) parcels, corner location with multiple access points from both Pegasus Drive and Unicorn Road
  • Highway 65 frontage and less than a mile from Highway 99 on/off ramps
  • Ten (10) ground-level doors
  • Located in the fastest growing industrial submarket in Kern County

Executive Summary

This offering includes two (2) structures totaling 57,439 square feet. The additional property is located on the adjacent parcel or 3501 Unicorn Road. Both properties are zoned M-2 PD H zoning in the County of Kern. This medium Industrial zoning allows for general manufacturing, processing, assembly activities as well as commercial ventures such as office, medical, retail, service, and warehousing uses. The Precise Development (PD) Combining District requires a county review of a precise development plan prior to construction or a change of use. The Airport Approach Height (H) Combining District is present because of the property’s proximity to the airport.
The building at 3801 Pegasus Drive was originally a build-to-suit occupied by the Bureau of Land Management, but was vacated in 2022. There are three suites on the west side of the building. All are currently occupied with tenants. 3801 Pegasus Drive Suite 200/Suite A is 4,820 square feet (4,867 SF per lease) and occupied by US Claims Services, Inc.,
3801 Pegasus Drive, Suite B is 5,115 square feet (5,193 SF per lease) and occupied by Road Machinery, LLC.
3801 Pegasus Drive Suites C & D is 8,763 square feet (7,837 SF per lease) and occupied by United Well Services California, Inc. The remaining 29,005 square feet is vacant.
The building at 3501 Unicorn Road is 9,730 square feet and occupied by Road Machinery, LLC,

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
57,439 SF
Building Class
B
Year Built
1994
Price
$10,339,020
Price Per SF
$180
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
47,709 SF
Building FAR
0.17
Land Acres
7.83 AC
Zoning
M-2 PD H - https://bakersfield.municipal.codes/Code/17.30
Parking
342 Spaces (7.17 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Fenced Lot
  • High Ceilings
  • Drop Ceiling
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Road Machinery
  • Mining, Quarrying, and Oil and Gas Extraction
  • 5,193 SF
  • -
  • TBD
  • Jan 2028
  • Mining, Quarrying, and Oil and Gas Extraction
  • 7,837 SF
  • -
  • Modified Gross
  • Feb 2025

A local oil well servicing company based in Bakersfield, CA that was founded in 2012.

  • Finance and Insurance
  • 4,867 SF
  • -
  • Modified Gross
  • Dec 2024

USClaims is a pre-settlement financing firm offering financial services to personal injury victims of auto accidents, workplace and construction accidents, premises liability, and medical malpractice. As one of the oldest and most established pre-settlement finance firms in the country, USClaims has two decades of experience and thousands of clients. A longtime member of the industry trade group the American Legal Finance Association (ALFA), USClaims supports injured plaintiffs and their attorneys by purchasing a portion of the anticipated recovery, thereby providing the injured plaintiff the means to pay bills and endure the often long and arduous litigation process.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Road Machinery Mining, Quarrying, and Oil and Gas Extraction 5,193 SF - TBD Jan 2028
Mining, Quarrying, and Oil and Gas Extraction 7,837 SF - Modified Gross Feb 2025
Finance and Insurance 4,867 SF - Modified Gross Dec 2024

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 29,005 SF
  • Office
  • Partial Build-Out
  • Now

Tenant Improvements: Negotiable subject to lease term and tenant creditworthiness. Space is divisible from ± 10,000 SF to 29,005 SF Highway 65 frontage and located at Highway 99 on/off ramps Located in the fastest growing industrial submarket in Kern County

Space Size Space Use Condition Available
1st Floor 29,005 SF Office Partial Build-Out Now

1st Floor

Size
29,005 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Floor

Size 29,005 SF
Space Use Office
Condition Partial Build-Out
Available Now

Tenant Improvements: Negotiable subject to lease term and tenant creditworthiness. Space is divisible from ± 10,000 SF to 29,005 SF Highway 65 frontage and located at Highway 99 on/off ramps Located in the fastest growing industrial submarket in Kern County

  • Listing ID: 31224649

  • Date on Market: 3/14/2024

  • Last Updated:

  • Address: 3801 Pegasus Dr, Bakersfield, CA 93308

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