{"id":1004478001,"date":"2020-09-17T04:44:15","date_gmt":"2020-09-17T12:44:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004478001"},"modified":"2025-02-26T06:23:20","modified_gmt":"2025-02-26T14:23:20","slug":"central-california-storage-facility-trades-for-12m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/","title":{"rendered":"Central California Storage Facility Trades for $12M"},"content":{"rendered":"
\"\"<\/a>

Olive Drive Self Storage. Image via Google Maps<\/i><\/p><\/div>\n

Olive Drive Self Storage, a 106,041-square-foot facility in Bakersfield, Calif., has sold for $11.5 million. A private investor traded the property to an individual buyer based near San Francisco, according to Yardi Matrix data. <\/p>\n

Located on an 8-acre parcel at 5250 Knudsen Drive, the property encompasses 14 single-story buildings completed in 2004. The facility provides a mix of drive-up access units ranging between 25 and 400 square feet and paved parking lots with sizes from 150 to 600 square feet for RVs, boats and cars. The store has an on-site manager, security cameras and individually fitted alarms within each unit and also sells packing and moving supplies.<\/p>\n

There are 10 other self storage properties encompassing 928,772 net rentable square feet within a 3-mile radius, Yardi Matrix data shows. Situated close to the busy retail corridor along Olive Drive, the facility is 4 miles northwest of downtown Bakersfield.<\/p>\n

The site is also 4 miles north of Cal Twin Towers, a 151,124-square-foot office property which traded for $26.1 million<\/a> in February. Cushman & Wakefield assisted seller Adler Realty Investments in the disposition to Blumer Construction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property delivered in 2004 and has more than 100,000 square feet in 14 buildings.<\/p>\n","protected":false},"author":867,"featured_media":1004478004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,15],"tags":[],"class_list":["post-1004478001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-west"],"acf":[],"yoast_head":"\nCentral California Storage Facility Trades for $12M - 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\/central-california-storage-facility-trades-for-12m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central California Storage Facility Trades for $12M\" \/>\n<meta property=\"og:description\" content=\"The property delivered in 2004 and has more than 100,000 square feet in 14 buildings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/\" \/>\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=\"2020-09-17T12:44:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T14:23:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Olive-Drive-Self-Storage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\/central-california-storage-facility-trades-for-12m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/\",\"name\":\"Central California Storage Facility Trades for $12M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Olive-Drive-Self-Storage.jpg\",\"datePublished\":\"2020-09-17T12:44:15+00:00\",\"dateModified\":\"2025-02-26T14:23:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/central-california-storage-facility-trades-for-12m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Olive-Drive-Self-Storage.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Olive-Drive-Self-Storage.jpg\",\"width\":800,\"height\":620,\"caption\":\"Olive Drive Self Storage. 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