{"id":1004389115,"date":"2020-02-07T06:57:28","date_gmt":"2020-02-07T14:57:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004389115"},"modified":"2020-02-07T07:07:12","modified_gmt":"2020-02-07T15:07:12","slug":"bakersfield-office-building-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/","title":{"rendered":"Bakersfield Office Building Changes Hands"},"content":{"rendered":"
\"\"<\/a>

Cal Twin Towers. Image courtesy of Adler Realty Investments<\/em><\/p><\/div>\n

Adler Realty Investments has sold Cal Twin Towers, a 151,124-square-foot office property in Bakersfield, Calif., to a private investor. Cushman & Wakefield represented the seller. <\/p>\n

Adler had purchased the property from Arden Realty as part of a larger, $55.6 million portfolio deal in 2005, according to Yardi Matrix. During the investor’s 15 years of ownership, it renovated the asset, recently upgrading the energy systems with a solar installation. The property’s tenant roster includes Omni Healthcare, Regus, Progressive Insurance and Principal Life.<\/p>\n

Located on 8 acres at 4900 California Ave., the property is 3 miles from downtown Bakersfield and 5 miles from the city’s municipal airport. The property is a short distance from two retail centers. The asset is also within 4 miles of a 118,595-square-foot self storage facility<\/a> which changed hands in October.<\/p>\n

Cushman & Wakefield\u2019s team included Senior Directors Alex Belfour and Jeff Andrew, as well as Sales Associate Scott Salters and Marketing Specialist Susan Moreno.<\/p>\n","protected":false},"excerpt":{"rendered":"

Seller Adler Realty Investments had acquired the 151,124-square-foot property in 2005 as part of a nearly $56 million portfolio deal.<\/p>\n","protected":false},"author":868,"featured_media":1004389124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,15],"tags":[35320,36351,32799],"class_list":["post-1004389115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-west","tag-adler-realty-investments","tag-capital-improvement","tag-cushman-wakefield"],"acf":[],"yoast_head":"\nBakersfield Office Building Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bakersfield Office Building Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Seller Adler Realty Investments had acquired the 151,124-square-foot property in 2005 as part of a nearly $56 million portfolio deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-07T14:57:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-07T15:07:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Cal-Twin-Towers-e1581080628974.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/\",\"name\":\"Bakersfield Office Building Changes Hands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Cal-Twin-Towers-e1581080628974.jpg\",\"datePublished\":\"2020-02-07T14:57:28+00:00\",\"dateModified\":\"2020-02-07T15:07:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bakersfield-office-building-changes-hands\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Cal-Twin-Towers-e1581080628974.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Cal-Twin-Towers-e1581080628974.jpg\",\"width\":800,\"height\":600,\"caption\":\"Cal Twin Towers. 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