200 New Stine Rd
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200 New Stine Rd
53,934 SF 65% Leased Office Building Bakersfield, CA 93309 £3,794,883 (£70/SF)
Investment Highlights
- Value Add Multi-Tenant office investment or partial Owner-user opportunity
- 49.14% Occupied by twenty-one tenants. Average suite size of 1,152 square feet.
- Interior common area remodel recently completed, which includes installation of LED lighting upgrades in the common area and the occupied suites
- Irreplaceable location near one of the most heavily trafficked intersections in all of Bakersfield – California Ave/New Stine Road and Stockdale Hwy.
- Conservative existing rents allow for substantial rent growth.
- Located in the geographic center of Bakersfield in the largest office submarket with more than 3.2 million square feet of rentable office space.
Executive Summary
ASU Commercial is pleased to present for sale 200 New Stine Road, located within one of Bakersfield’s most vibrant and active commercial office areas, the California Avenue Corridor. 200 New Stine Road is a two story, multi-tenant office building, constructed in 1975 which has undergone consistent upgrading and remodeling throughout the years. Current ownership has owned and operated the property for more than 25 years. A unique value add opportunity is created by an increase in current vacancy due to a large nearly half building occupant relocating and downsizing to an alternative submarket. This creates the potential for repositioning of the vacancy to capitalize on the increasing rental rate environment of Bakersfield’s office market.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
53,934 SF
Building Class
B
Year Built/Renovated
1975/2024
Price
£3,794,883
Price Per SF
£70
Percent Leased
65%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
26,967 SF
Building FAR
0.72
Lot Size
1.71 AC
Zoning
C-O - Commercial Office, City of Bakersfield
Parking
115 Spaces (2.13 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 119
- 1,131 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 132
- 623 SF
- Office
- Full Build-Out
- Now
model suite
- 1st Fl-Ste 195
- 1,086 SF
- Office
- Full Build-Out
- Now
Fully improved model suite ready for occupancy
- 2nd Fl-Ste 265
- 1,735 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 270
- 5,647 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 271
- 5,171 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 119 | 1,131 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 132 | 623 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 168 | 1,150 SF | Office | Spec Suite | Now |
| 1st Fl-Ste 195 | 1,086 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 229 | 2,304 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 265 | 1,735 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 270 | 5,647 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 271 | 5,171 SF | Office | Full Build-Out | Now |
1st Fl-Ste 119
| Size |
| 1,131 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 132
| Size |
| 623 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 168
| Size |
| 1,150 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
1st Fl-Ste 195
| Size |
| 1,086 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 229
| Size |
| 2,304 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 265
| Size |
| 1,735 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 270
| Size |
| 5,647 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 271
| Size |
| 5,171 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 168
| Size | 1,150 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
model suite
2nd Fl-Ste 229
| Size | 2,304 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Fully improved model suite ready for occupancy
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200 New Stine Rd
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