5701 Truxtun AveBakersfield, CA 93309

Property Details for 5701 Truxtun Ave

Year built

1991

Construction

WOOD

Lot size

2.73 AC

Property size (Sq ft)

42,218 SF

Zone code

CO

Property type

Office properties

Property subtype

Office buildings

APN

331-340-33-00-8

APU

33134033008

Description

This exceptional Class A office building, located at Truxtun Place in Bakersfield, offers 8,861 square feet of immediately available space in a single suite. The two-story building features contemporary architecture with high-end finishes, creating a polished and professional environment. The property is zoned C-O Commercial and Professional Office (APN 331-340-33), ensuring suitability for a variety of professional uses. Ample parking is available, significantly enhanced by a new 2024 solar system providing extensive covered parking. Enjoy the convenience of a central Bakersfield location with easy access to major roadways and proximity to the city's commercial and recreational amenities. The building's picturesque setting near the Kern River and Lake Truxtun offers employees access to tranquil walking trails, creating a unique and desirable work environment. This is a rare opportunity to secure a high-quality, well-located office space in a sought-after Bakersfield location. The building includes elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $12,039,066

  6.5%

  $11,112,984

  7%

  $10,319,199

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,028,175

  Geo Method

  $8,028,175

• Alternative Use

  Use

  Valuation

  Residential

  $13,780,100

  Hospitality

  $12,622,497

  Educational

  $10,501,770

  Medical

  $10,862,942

  Retail

  $16,336,086

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3637

Longitude

-119.067

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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