Updated Sep 9, 2026
SRS Real Estate Partners Represents Seller In $11.7M Sale Of Lumberjack Square In Bakersfield
7701 White Lane
$11,700,000
$137/SF
Building Size
85,031 SF
Asset Type
Retail
Closing
Sep 3, 2026
About this deal
AI
The property involved in this transaction is Lumberjack Square, a retail shopping center located at 7701 White Lane in Bakersfield, CA. The asset spans 85,031 square feet and was sold for $11,700,000, equating to a price per square foot (PPSF) of $138.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,700,000
- Square Footage: 85,031
- Address: 7701 White Lane
- Market: Bakersfield, CA
- Price per Square Foot: $138
This transaction was facilitated by Matthew Mousavi and Patrick Luther from SRS Real Estate Partners, who represented the California-based seller. The new owners of the property are a partnership based in California, having completed the acquisition with new financing.
Players
Bakersfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93