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Lumberjack Square 7701 White Ln 85,031 SF 100% Leased Retail Building Bakersfield, CA 93309 $13,000,000 ($152.89/SF) 8.22% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased Multi-Tenant Retail Center | NNN Leases | Long Term Tenants | Well Maintained Property | Recent CapEx
- Strong Demographics In 5-Mile Trade Area
- Prime Location | High Visibility and Traffic | Established Retail Corridor
EXECUTIVE SUMMARY
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in Lumberjack Square, a 100% leased, multi-tenant retail center located in Bakersfield, California. Anchored by Body Xchange and The Firehouse, the property features a diverse and e-commerce-resistant tenant lineup. Body Xchange recently signed a 5-year lease with an additional 5-year option to extend, underscoring its commitment to the site. The Firehouse, a prominent local entertainment hub, has operated at this location for over 20 years and recently extended its lease through 2028, with two additional 5-year options. Both leases include scheduled rental increases throughout the initial terms and at the beginning of each extension period, ensuring steady NOI growth and a hedge against inflation. All tenants have signed NNN leases, minimizing expense slippage for future ownership and ensuring low management responsibilities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
85,031 SF
Building Class
C
Year Built
1987
Price
$13,000,000
Price Per SF
$152.89
Cap Rate
8.22%
NOI
$1,068,621
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
7.30 AC
Zoning
M-1 - Light Manufacturing
Parking
345 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
330’ on White Ln Ln
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- John Paul Reyes
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Smokers Alley
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- White Lane Laundry
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| John Paul Reyes | - | - | - | Lorem Ipsum | Jan 0000 | |
| Smokers Alley | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| White Lane Laundry | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 385-013-05-00-5 | Improvements Assessment | $5,542,244 |
| Land Assessment | $2,238,113 | Total Assessment | $7,780,357 |
PROPERTY TAXES
Parcel Number
385-013-05-00-5
Land Assessment
$2,238,113
Improvements Assessment
$5,542,244
Total Assessment
$7,780,357
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Lumberjack Square | 7701 White Ln
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