DJI_0011
DJI_0016-2
DJI_0021
DJI_0191-2
DJI_0196-2
DJI_0201-2
DJI_0206-3
DJI_0211-2
DJI_0216-2
DJI_0221-1
DSCF8279-3
Image-1-1
DSCF8288
DSCF8295-3
DSCF8305-3
DSCF8316
DSCF8326-1
DSCF8505-1
DSCF8514-2
DSCF8519-3
DSCF8529-2
DSCF8539-2
DSCF8544-3

Cal Twin Towers

4900 California Ave, Bakersfield, CA 93309, USA
$27,700,000

Price:
$27,700,000
Cap Rate
7.72 %
NOI
$ 2137637
Cash-on-Cash
10.04 %
Development Type
Office
Building Size
151,829 sqft
Lot Area
8.00 acre
Occupancy
92.3 %
Class
A
Year Built
1984
Price Per SF
182$
Zoning
Commercial
Parking Spots
645
Parking Ratio
4.25/1,000
Number of Elevators
4
Floor
4
Investment Strategy
Core
LEAD LISTING AGENT
Jeff Andrew

Jeff Andrew

ASSOCIATE


License No. 00941323

PROPERTY CONTENT

The Cal Twin Towers is a ±151,829 rentable square feet Bakersfield Landmark Class A Office Building. Originally built in 1984 for Continental Telephone as part of the historic Tenneco Land redevelopment expanding the west portion of Bakersfield which has become the main financial corridor commonly referred to as the “California Corridor.” Cal Twin Towers is a Class A office building offering convenient access to retail shopping, restaurants, hotels, financial services, as well as easy access to all of Bakersfield since its located close to Highway 99, Highway 58, the Westside Parkway, and the Centennial Corridor Freeway (Under Construction). Cal Twin Towers also provides Tenants panoramic views of southwest Bakersfield as well as having on-site Property Management & engineering services. The property also has free surface parking and extensive covered parking. As one of the most energy efficient office buildings in Bakersfield, Cal Twin Towers is fully retrofitted with LED lighting and digital HVAC controls. In addition, a carport mounted solar PV system (separately owned) provides electricity cost savings.


PROPERTY HIGHLIGHTS

  • 16.58% 10 Year Leveraged Internal Rate of Return

4900 California Ave, Bakersfield, CA 93309, USA

LEAD LISTING AGENT
Jeff Andrew

Jeff Andrew

ASSOCIATE


License No. 00941323