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Wells Fargo Single Tenant NNN Lease 5401 California Ave

31,683 SF Office Building Bakersfield, CA 93309 £6,759,325 (£213/SF) 7% Net Initial Yield

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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

Year Built/Renovated

1982/2006

Price

£6,759,325

Price Per SF

£213

Net Initial Yield

NOI

£473,173

Tenancy

Single

Number of Floors

Typical Floor Size

10,004 SF

Building FAR

0.36

Land Acres

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
Suspended Ceilings
Monument Signage

Air Conditioning
Fiber Optic Internet
Smoke Detector

Finance and Insurance
99,999 SF
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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.