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1801 16th St
Bakersfield, CA 93301
Centennial Medical Building · Office Property For Sale
Investment Highlights
- 94% Occupied Multi-Tenant Medical Office Building
- All leases are Triple Net (except for insurance)
- 7.7% Cap Rate
- Partial Sale Leaseback for 70% of building
- Excess land for future building or additional parking
- Offered substantially below replacement cost
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
15,817 SF
Building Class
B
Year Built/Renovated
1969/2004
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,817 SF
Building FAR
0.36
Lot Size
1.02 AC
Zoning
C-C-Office
Parking
60 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Signage
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,493,232 | |
| Land Assessment | $566,246 | Total Assessment | $2,059,478 |
Property Taxes
Parcel Numbers
Land Assessment
$566,246
Improvements Assessment
$1,493,232
Total Assessment
$2,059,478
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