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1222 Chester Ave
Bakersfield, CA 93301
Chester Avenue Portfolio · Office Property For Sale
Investment Highlights
- Value add opportunity with 5.38% cap rate on in-place income at 83.34% occupancy with a 7.78% pro-forma cap rate at stabilization
- Short term leases with under market rents throughout
- Neighbors include Starbucks, Maya Cinemas, Bakersfield High School, City of Bakersfield and County of Kern administration, the Hall of Records
- Total building area of 18,015 SF per rent roll and 20,768 SF per public record
- Average tenant size of less than 1,000 SF provides diversification of occupancy
Property Facts
Property Type
Office
Property Subtype
Building Size
4,954 SF
Building Class
B
Year Built
1962
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,477 SF
Slab To Slab
9’
Building FAR
0.54
Lot Size
0.21 AC
Zoning
C-C - Civic Center
Parking
18 Spaces (3.63 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 006-460-25-00-9 | Improvements Assessment | $261,435 |
| Land Assessment | $76,747 | Total Assessment | $338,182 |
Property Taxes
Parcel Number
006-460-25-00-9
Land Assessment
$76,747
Improvements Assessment
$261,435
Total Assessment
$338,182
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