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Medical Office 2005 17th St 4,171 SF 100% Leased Office Building Bakersfield, CA 93301 $895,000 ($214.58/SF) 6.65% Cap Rate



Executive Summary
Medical Office Investment Opportunity for Fully Leased 2-Suite Medical Office for Sale in downtown Bakersfield with proximity to major Hospitals. Tenants include Quest Diagnostics & OBGYN Medical Office. Extensive Renovation done to Medical office in 2012-2013. The Medical Office has Reception/Waiting area, Staff station, 5/6 Exam rooms plus Procedure room, 2/3 Dr’s office rooms, Breakroom, 4 restrooms, and Storage room. The Diagnostic lab (remodeled in 2010) has, Waiting room, 4 stations, 1office room, and 2 restrooms. Building Roof replaced in 2018. Sewer line replaced from Building to main. Onsite and street parking are available. Close to other medical facilities, conveniences. Easy access to Hwy-58 and Hwy-99.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,171 SF
Building Class
C
Year Built/Renovated
1965/2013
Price
$895,000
Price Per SF
$214.58
Cap Rate
6.65%
NOI
$59,518
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,171 SF
Building FAR
0.52
Lot Size
0.18 AC
Zoning
C1 - Commercial
Parking
13 Spaces (3.12 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Kern Women's Health Group Inc
- Health Care and Social Assistance
- -
- -
- -
Quest Diagnostics began in 1967 as a small pathology lab in New York and has grown into a major diagnostic services provider. The company offers clinical lab testing for medical conditions, genetic testing services, and drug testing for employers. Quest also provides health and wellness services to businesses and physicians. With a nationwide network of labs and patient centers, they serve millions of patients annually. Their services help doctors diagnose diseases, monitor treatments, and make informed healthcare decisions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Kern Women's Health Group Inc | Health Care and Social Assistance | - | - | - | ||
|
Health Care and Social Assistance | - | - | - |
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 004-101-04-00-6 | Improvements Assessment | $637,442 |
| Land Assessment | $147,097 | Total Assessment | $784,539 |
Property Taxes
Parcel Number
004-101-04-00-6
Land Assessment
$147,097
Improvements Assessment
$637,442
Total Assessment
$784,539
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Medical Office | 2005 17th St
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