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Utah-based Investor Acquires University Centre Office Building In Bakersfield For $9.73M

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SOLD
$9,725,000

California

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Office71,922 SF
Sold 01/23/2025
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Property Image
SOLD

Utah-based Investor Acquires University Centre Office Building In Bakersfield For $9.73M

9500 Ming Avenue

See Similar Deals
Office71,922 SF
Sold 01/23/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$135
Total Square Footage:71,922 SF
Transaction Type:Sale

A Utah-based private investor has acquired a Class A office building located at 9500 Ming Avenue, Bakersfield. The property spans 71,922 square feet and encompasses 4.99 acres. The transaction was completed for $9,725,000, equating to a price per square foot of $135.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $9,725,000
  • Square Footage: 71,922 SF
  • Address: 9500 Ming Avenue
  • Market: Bakersfield
  • Seller: Mike Wirth - Chevron
  • Broker: Jeff Andrew - Cushman & Wakefield
  • Price Per Square Foot: $135
  • Acres: 4.99

The deal was facilitated by Jeff Andrew from Cushman & Wakefield, representing the seller, Chevron, in the transaction. The buyer plans to leverage the property's LEED certification and features such as solar-covered parking and its proximity to major corporate offices.

Players

Jeffrey (Jeff) Andrew
Cushman & Wakefield
Jeffrey Andrew
1 deal$9.7M volume(661) 633-3827
BROKER

Details

SOLD
IMAGE: Mike Wirth & Jeff Andrew DATE: 01/23/2025 ADDRESS: 9500 Ming Avenue MARKET: Bakersfield ASSET TYPE: Office ~ ACRES: 4.99 SELLER: Mike Wirth - Chevron BROKER: Jeff Andrew - Cushman & Wakefield (@CushWake) SALE PRICE: $9,725,000 SF: 71,922 ~ PPSF: $135 NOTE: A Utah-based private investor acquired University Centre, a 71,922-square-foot Class A office building in Bakersfield, from Chevron for $9.73 million, or $135 per square foot. Cushman & Wakefield brokered the deal, with the buyer planning to benefit from the property's LEED certification, solar-covered parking, and proximity to major corporate offices.

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