3531 Brian WayBakersfield, CA 93308

Property Details for 3531 Brian Way

Year built

1984

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

3,600 SF

Zone code

M3

Property type

Manufacturing properties

APN

332-172-06-00-2

APU

33217206002

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,174,866

  Hospitality

  $1,076,170

  Educational

  $895,361

  Medical

  $926,154

  Retail

  $1,392,784

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3867

Longitude

-119.047

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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