3535 Panama Ln | Bakersfield, CA 93313
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- LoopNet Team
3535 Panama Ln
Bakersfield, CA 93313
New STNL Sprouts | Strong Avg Store Sales · Retail Property For Sale
Investment Highlights
- National Grocery Operator | 417+ Locations | 12% Increase in Net Sales In 2024 Q2
- Growing Market Area for Sprouts | Sprouts 2nd Location in Bakersfield
- Tenants within Bakersfield Crossing SC include Walgreens, Autozone, Wells Fargo, Carl's Jr., Body Xchange (15K SF Health Club)
- Improving Debt Market | New Debt Now Obtainable in Low 5% Range
- Bakersfield is 9th largest city in CA and experiencing strong population growth | Forecasted 15% growth in next 5 years
- 6.7% Comparable Store Sales Growth in Q2 | Very Strong for Grocery Industry
Property Facts
Property Type
Retail
Property Subtype
Building Size
23,313 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
2.09 AC
Zoning
C-2 - Regional Commercial
Parking
96 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
435’ on Panama Lane
Property Taxes
| Parcel Number | 515-032-61-00-3 | Improvements Assessment | $8,160,000 |
| Land Assessment | $1,139,238 | Total Assessment | $9,299,238 |
Property Taxes
Parcel Number
515-032-61-00-3
Land Assessment
$1,139,238
Improvements Assessment
$8,160,000
Total Assessment
$9,299,238
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