Distribution Hub of Tomorrow – Bakersfield, California Real Estate
It seems fitting that after all these years of Bakersfield being the “place I drove through to get to…” It is now literally the place that all the things will be leaving from. A fast growing upstart back in 2004, a company named Malouf, focusing in luxury bedding and furniture has recently completed a purchase of just over 1 million square feet to bring a distribution center to the Bakersfield area. This is the most recent in a string of new companies bringing their logistics bases to the area, and it seems to be a trend moving into the future, especially because of the increase in online retail and the spread of COVID is only lending a further headwind to this industry which is taking Bakersfield real estate by storm.
Who Else Is Bringing Their Business to Bakersfield?
With the newest large player (1 million + SF) being Malouf which is based out of Utah, we have many other companies focusing their distribution systems around Bakersfield, California. For example, Amazon is in the process of hiring their initial round of staff for their newly constructed distribution center. Dollar general, Ross, Loreal, Walmart, and many more are also part of this transition of Bakersfield into the next distribution hub of California, and if you are looking into purchasing real estate, and have a decent chunk of change lying around, these large distribution centers, or previous distribution centers, or even Industrial zoned land might be the next big investment for your portfolio
Why Would I Buy Land In The Middle of Nowhere in Bakersfield?
Land has historically been highly sought after. One of the real estate investing maxims I remember is, “Buy land, they don’t make any more of it.” This could be one reason to purchase vacant land in and around Bakersfield, but another more pressing reason might be that Industrial zone land of the size and scope that many of these corporations are looking for is hard to find, and might be zoned incorrectly for what they need. They don’t have the time to go around to city and county planning meetings and get their lots changed over for the zoning they need, they need to be able to come in and purchase this land that is already zoned for what they need so by the time escrow is closed, they can be on their way to building what they need with as little down time as possible.
Land Isn’t My Thing, Maybe I Should Buy An Old Industrial Building
This is also a very fast growing segment of our market, and many people are also looking to more industrially zoned buildings to be able to house what they need in this time of technological change. This means that it may behoove you to purchase an industrial building as an investment because if these large users don’t necessarily need it, then there are many other small businesses that are looking for space that they can house a few servers and now increase the capacity of their services in a better way.
If you are looking for industrial real estate in Bakersfield, CA, you might want to try and reach out to us using the information below.
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