Are You In Need Of An Ofice Tower?
Monday, 27. October 2008, 20:49:07
Stockdale Tower is Bakersfield's premiere office building due to its architectual appeal, interior improvements, and above average amenities. Retail tenants are located on the first floor, office tenants are located on the second through eleventh floors, and the twelfth floor is occupied by the Kern County Petroleum Club that offers fine dining with a 360 degree view of Bakersfield. Full investment package and additional information available upon request through listing Broker. 1% Commission to procuring Broker. Tremendous upside potential! Loopnet relates it is availale for only $232/sq foot -- $45 Million 5060 California Ave, Bakersfield, California 93309
Perhaps you could get a good deal!
Gretchen Wenner of the Bakersfield Californian reports in article 'Stockdale Tower Could Be Sold', that the Tower is owned by Stockdale Tower I LLC, whose members include local developer Terry Moreland.
Bakersfield Bubble reports in 'Real Estate Mogul Defaults', that developer Terry Moreland has had two more residential developments default, including one in northeast Bakersfield near City in the Hills, county records show. Four of his projects have now defaulted since August.
Two construction loans totaling more than $25 million taken out by Moreland’s Barcelona LLC defaulted last week. The loans, both from First Bank, were borrowed against property on Paladino Drive, east of Vineland Road, immediately north of the City in the Hills community. The tract’s two recorded phases show 96 lots are planned on 55 acres.
More than $18.7 million was in arrears on the loans as of Oct. 10, the default filings show. The loans were made in 2005 and 2007.
Perhaps you could get a good deal!
Gretchen Wenner of the Bakersfield Californian reports in article 'Stockdale Tower Could Be Sold', that the Tower is owned by Stockdale Tower I LLC, whose members include local developer Terry Moreland.
Bakersfield Bubble reports in 'Real Estate Mogul Defaults', that developer Terry Moreland has had two more residential developments default, including one in northeast Bakersfield near City in the Hills, county records show. Four of his projects have now defaulted since August.
Two construction loans totaling more than $25 million taken out by Moreland’s Barcelona LLC defaulted last week. The loans, both from First Bank, were borrowed against property on Paladino Drive, east of Vineland Road, immediately north of the City in the Hills community. The tract’s two recorded phases show 96 lots are planned on 55 acres.
More than $18.7 million was in arrears on the loans as of Oct. 10, the default filings show. The loans were made in 2005 and 2007.
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