11109 River Run BlvdBakersfield, CA 93311
- Office properties
- 27,360 SF
Property Details for 11109 River Run Blvd
- Year built
- 2009
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.80 AC
- Property size (Sq ft)
- 27,360 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 390-400-10-00-9
- APU
- 39040010009
Description
This exceptional Class A office building, situated within the prestigious River Walk Corporate Center in Bakersfield, California, presents a unique investment opportunity. The two-story structure encompasses a total of 27,490 square feet, with 2,547 square feet currently available for lease. Located at 11109 River Run Blvd, Bakersfield, CA 93311, this property sits on 1.79 acres of land in Kern County. Its prime location within the University Office Center submarket offers unparalleled convenience and accessibility. The building's design is uniquely suited for professional office users, and its proximity to a diverse range of amenities, including restaurants, shops, and entertainment venues, enhances its appeal. The surrounding area boasts a strong tenant base, with notable neighbors such as Castle & Cooke, Berry Petroleum, S.C. Anderson, Ticor Title Company, Energy One Federal Credit Union, and several popular restaurants and retailers including Panera Bread, BevMo, PF Changs, Sprouts, Yard House, BJ's Brewery, and Target. The University of LaVerne's presence further solidifies the area's professional and academic standing. This property offers a compelling combination of location, amenities, and Class A quality, making it an ideal choice for businesses seeking a prestigious and convenient office space in Bakersfield. The building's multiple tenancy allows for flexibility and scalability.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,804,853
- 6.5%
- $7,204,480
- 7%
- $6,689,874
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,202,778
- Geo Method
- $5,202,778
-
Alternative Use
- Use
- Valuation
- Residential
- $8,933,555
- Hospitality
- $8,183,088
- Educational
- $6,808,234
- Medical
- $7,042,379
- Retail
- $10,590,585
Location Insight
- City
- Bakersfield
- County
- Kern
- State
- California
- Latitude
- 35.3476
- Longitude
- -119.124
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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