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Village at Towne Centre 4 Retail Properties Offered at $13,245,215 CAD in Bakersfield, CA
Investment Highlights
- Village at Towne Centre offers a 97.1% leased retail / mixed-use center with an established tenant roster.
- Existing NNN lease structures and contractual annual rent escalations provide a framework for recurring income growth.
- The property is positioned along 24th Street in Downtown Bakersfield near Highway 178, providing visibility and access along a high-traffic corridor.
- Property includes a 0.84-acre value-add parcel, and the current owner has negotiated a lease contract with Tesla for a 12-space supercharging station
Executive Summary
We are pleased to present Village at Towne Centre, a premier retail center strategically positioned at 1201 24th Street in Downtown Bakersfield, CA between 23rd and 24th Streets just off HWY 178 Village at Towne Centre is a prime retail/mixed-use shopping center located on a high-traffic major arterial connecting East and West Bakersfield. Positioned between the on and off-ramps of Highway 178, the center offers exceptional visibility, accessibility, and exposure, with over 50,000 vehicles passing daily
Data Room Click Here to Access
- Market Information
Property Facts
| Price | $13,245,215 CAD | Number of Properties | 4 |
| Price / SF | $301.40 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.23% | Total Building Size | 43,945 SF |
| Sale Type | Investment | Total Land Area | 8.71 AC |
| Status | Active |
| Price | $13,245,215 CAD |
| Price / SF | $301.40 CAD / SF |
| Cap Rate | 7.23% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 43,945 SF |
| Total Land Area | 8.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg D
1201 24th St, Bakersfield, CA 93301 |
Retail | 24,893 SF | 2006 | - |
|
B
1201B 24th St, Bakersfield, CA 93301 |
Retail | 11,832 SF | 2006 | - |
|
A
1201A 24th St, Bakersfield, CA 93301 |
Retail | 3,825 SF | 2006 | - |
|
Bldg C
1201 24th St, Bakersfield, CA 93301 |
Retail | 3,395 SF | 2005 | - |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Paul E Stansen, APC
Village at Towne Centre
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