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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
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- -
Quest Diagnostics began in 1967 as Metropolitan Pathology Laboratory in New York and later became an independent company under the Quest name after a spin-off from Corning. Quest Diagnostics now focuses on diagnostic information services, offering laboratory testing, gene-based and molecular testing, healthcare information technology, data analytics, lab services, and lab operations. Quest Diagnostics also supports clinicians and consumers through a national laboratory network, patient testing locations, specialty labs, and international collaborations in markets such as India, Ireland, and Mexico.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Kern Women's Health Group Inc | Health Care and Social Assistance | - | - | - | ||
|
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Health Care and Social Assistance | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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