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Wells Fargo Single Tenant NNN Lease 5401 California Ave

31,683 SF Office Building Bakersfield, CA 93309 $8,556,000 ($270/SF) 7% Cap Rate

Investment Highlights

  • Single Credit Tenant Investment
  • Wells Fargo Has Occupied The Building For 30 Years
  • Full Double Lane Drive Through
  • NNN Lease
  • Excellent Visibility
  • Well Maintained

Executive Summary

The 5401 California Ave. building in Bakersfield, Ca. is a 30,012 rentable square foot landmark Class A office property. Originally built in 1982 as a multi-tenant building with Wells Fargo as the major credit tenant. Over the years Wells Fargo has expanded into the entire building and just exercised another renewal option. The building is home to a full service bank branch with a double drive through teller lane, a training center, administrative offices for the region and sales and marketing space.
Offering convenient onsite parking and close proximity to retail, shopping, restaurant's, hotels with easy access to freeways. The building offers architectural appeal and has been remodeled inside and out over the years.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
31,683 SF
Building Class
A
Year Built/Renovated
1982/2006
Price
$8,556,000
Price Per SF
$270
Cap Rate
7%
NOI
$598,946
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
10,004 SF
Building FAR
0.36
Lot Size
2.00 AC
Zoning
C-O - Commercial Office
Parking
101 Spaces (3.63 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Banking
  • Controlled Access
  • Security System
  • Wheelchair Accessible
  • Kitchen
  • Central Heating
  • Natural Light
  • Partitioned Offices
  • Drop Ceiling
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Wells Fargo is a leading global financial services company headquartered in San Francisco with hub offices in major cities across the United States. They are proud to serve many households and many of small businesses in the U.S. They provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through their reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo has office locations across the world to help their business customers succeed on an international scale. Outside of the U.S., they focus on providing banking services for large corporate, government and financial institution clients. They have worldwide expertise and services to help their customers improve earnings, manage risk, and develop opportunities in the global marketplace.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 99,999 SF - Lorem Ipsum Jan 0000
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
331-032-35-00-8
Land Assessment
$1,450,173
Improvements Assessment
$7,473,976
Total Assessment
$8,924,149
  • Listing ID: 33599915

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 5401 California Ave, Bakersfield, CA 93309

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