11109 River Run BlvdBakersfield, CA 93311

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 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.

• 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

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