Erwin LLC Acquires Class A Office In Downtown Bakersfield For $15.6M

The Class A Office building located at 1430 Truxtun Avenue in Downtown Bakersfield was recently sold in a transaction. The property spans a total area of 122,080 square feet. The sale price for this asset was $15,642,627, resulting in a price per square foot of $128.

Summary of transaction details

• Property Type: Class A Office
• Transaction Amount: $15,642,627
• Address: 1430 Truxtun Avenue
• Market: Downtown Bakersfield

The seller of this property was Fourteen Thirty Truxtun Ave Bldg Co Ptp, while the buyer was Erwin LLC. Marcus & Millichap represented both parties in this deal. Armond Aivazyan from Marcus & Millichap's Palo Alto office acted as the buyer's broker, while Michael Lawrence from Marcus & Millichap's Newport office and Greg Mills from the Encino office represented the seller.