Bakersfield Industrial

6881 & 6901 Distric Boulevard and 1901, 2309, 2351 & 2401 E. Brundage Lane. | Bakersfield, CA

6 Industrial Buildings totaling approximately 526,350 Square Feet


Details

Date Purchased: August, 2013
Purchase Price: $16,725,000
Sale Price: $24,100,000
Sale Date: March, 2017
Holding Period: 43 months

Completed Business Plan

  • Acquired 6 industrial buildings in Bakersfield, California in 2013.
  • Performed cosmetic improvements and installed truck loading wells & docks to improve functionality.
  • Executed multiple leases to stabilize the property.
  • Sold the project after 3 1/2 years.

Persius Creative