3531 Brian Way Bakersfield, CA 93308

This Bakersfield, CA industrial property, located at 3531-3533 Brian Way, presents a compelling investment opportunity. The 7,139 square foot flex space, encompassing three warehouse/office buildings and a separate residential home, sits on two parcels totaling approximately 19,166 square feet (0.44 acres). Currently 100% occupied under a modified net lease with a remaining term of 0.9 years (expiring September 30, 2025), the property generates a strong NOI of $85,465, yielding an 8.59% cap rate and a pro-forma cap rate of 9.01%. The asking price is $995,000, translating to $139.38 per square foot. Built in 1984 and renovated in 2018, the property features a 24-foot ceiling height, one dock-high door, and ample parking. Zoned M-3 (Heavy Industrial), it benefits from easy access to Highways 99 and 58. Recent upgrades include new 5-ton HVAC units, upgraded electrical, new flooring, interior walls, and renovations to the 1200 square foot, three-bedroom, one-bathroom residential home. The property is gated and equipped with camera surveillance. The flexible layout allows for easy reconfiguration of office and warehouse space. Five units are included, with a price per unit of $199,000. Lease options are available. The property is offered fee simple.