5151 Stockdale Highway
Owner-User Opportunity | Southwest Bakersfield
Marketing description
ASU Commercial is pleased to offer for sale the fee simple interest in 5151 Stockdale Highway in Bakersfield, CA. The property is a two-tenant office building partially occupied by Mechanics Bank, with a vacant portion consisting of approximately 5,980 square feet. The existing vacancy consists of approximately 54% of the building, well suited for an owner-occupant.
The property is located within Bakersfield’s southwest office submarket, and has a distinct retail presence with fantastic visibility and signage along a thoroughfare with heavy traffic volume. Mechanics Bank has a long-standing history at this location and this branch represents the largest deposits ($124mm) of any of Mechanics’ Kern County branches. The mature submarket provides barrier to entry in the immediate area and the price is well below replacement cost.
Investment highlights
Owner-user opportunity with a vacant portion representing 54% of building area
The remainder of the building is leased to Mechanics Bank
Highly visible Stockdale Highway location just east of California Avenue
The building has been partially or fully occupied by a bank since construction in 1981
Located at essentially the geographic center of Bakersfield in the heart of a thriving retail and office corridor
Neighbors include Starbucks, In-N-Out Burger, Chick-fil-A, CVS Pharmacy, ALDI, Smart & Final Extra and Outback Steakhouse
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