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Village at Towne Centre 5 Properties Offered at $9,450,000 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 - See OM Rent Roll.
- FEE SIMPLE ownership - 2.07 acres APN 005-332-01 (±39,691 SF retail-flex uses) & 0.84 acres APN 005-212-07 (18-veh TESLA supercharge station).
- The property is positioned along 24th Street in Downtown Bakersfield near Highway 178, providing visibility and access along a high-traffic corridor.
- Neighborhood Shopping Center - Zoned C-2 - Opportunity Zone. Recession-resilient tenant mix anchored by essential-service & necessity-based retailer.
- ** NOTE: Tesla revenue generation is not yet factored into the financial analysis as it is still in the permitting process.
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. With great demographics, VTC 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. We welcome the opportunity, on a strictly confidential basis, to provide additional due-diligence materials and coordinate site visits with motivated / qualified buyer-prospects. Call / Text / Email Listing Broker any time with questions or to request Offering Memorandum.
Data Room Click Here to Access
- Market Information
- CoStar
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $9,450,000 | Status | Active |
| Price / SF | $238.09 / SF | Number of Properties | 5 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.23% | Total Building Size | 39,691 SF |
| Sale Type | Investment | Total Land Area | 5.01 AC |
| Price | $9,450,000 |
| Price / SF | $238.09 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.23% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 39,691 SF |
| Total Land Area | 5.01 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Tesla Supercharging Station
1111 24th St, Bakersfield, CA 93301 |
Land | 0.84 AC | - | - |
|
Bldg D
1201 24th St, Bakersfield, CA 93301 |
Retail | 23,603 SF | 2006 | - |
|
Bldg B
1201B 24th St, Bakersfield, CA 93301 |
Retail | 9,194 SF | 2006 | - |
|
Bldg A
1201A 24th St, Bakersfield, CA 93301 |
Retail | 3,700 SF | 2006 | - |
|
Bldg C
1201 24th St, Bakersfield, CA 93301 |
Retail | 3,194 SF | 2006 | - |
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Village at Towne Centre