11109 River Run BlvdBakersfield, CA 93311

  • Office properties
  • 27,360 SF
For Lease
$23.40/SF/YR View listing

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
11109 River Run Blvd, Bakersfield, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$116,806
$1,544,694
$7,890,959
$9,435,653
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