OLP Bakersfield Acquires Industrial Center From ICI Property LLC For $10.8M | 5801 District BLVD | Patrick Barnes, David Maling | Industrial | Sale

Summary

Sale

CALIFORNIA

Industrial

The industrial distribution center located at 5801 District Blvd in Bakersfield, CA has been sold for $10.8 million. The property, built in 1980, spans 220,180 square feet on 15.4 acres. It offers 24-foot to 28-foot clearance, expandable loading, sufficient power, secured outside yard areas, and proximity to rail service. Men's Wearhouse is the current single-tenant occupying the space on an NNN lease basis.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $10,800,000.00
Buyer: OLP Bakersfield Ca LLC
Seller: ICI Property LLC
Address: 5801 District Blvd, Bakersfield, CA
Market: Bakersfield
Buyer's Rep: David Maling (Avison Young)
Broker: Patrick Barnes (Avison Young)

Colliers International facilitated the transaction, representing both the buyer and the seller. The team involved in the deal includes Patrick Barnes, Stephen Haupt, Christopher Maling, and David Maling. This acquisition was completed by OLP Bakersfield Ca LLC, a private investor, purchasing the property from ICI Property LLC.

Players

All
3

Agents
2
Agencies
1

$18.7M Sold

$61M Sold

Details

Deal Summary

SOLD

IMAGE: 2019-01-21 00:00:00 -0800 ADDRESS: 5801 District BLVD, Bakersfield, CA, 9... MARKET: Bakersfield BUYER'S REP: David Maling(Avison Young) BROKERS: Patrick Barnes(Avison Young) BUYER: OLP Bakersfield Ca LLC SELLER: ICI Property LLC PRICE: $10,800,000.00.00 NOTE: BAKERSFIELD, CALIF. — Colliers International has directed the sale of an industrial distribution center, located at 5801 District Blvd. within the Stockdale Industrial Park in Bakersfield. OLP Bakersfield Ca LLC, a private investor, acquired the property from ICI Property LLC for $10.8 million. Built in 1980 and situated on 15.4 acres, the 220,180-square-foot property features 24-foot to 28-foot clearance, expandable loading, sufficient power, secured outside yard areas and proximity to rail service. Men’s Wearhouse occupies the single-tenant property on an NNN lease basis. Patrick Barnes, Stephen Haupt, Christopher Maling and David Maling of Colliers represented the buyer and seller in the transaction.

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Address5801 District BLVD

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