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2525 Eye St
Bakersfield, CA 93301
Eye Street Medical Plaza · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Limited like kind product available on the market
- Unique three-level parking garage that provides ample onsite parking plus street parking
- Adjacent to Adventist Health Hospital
- Ideal for owner/user to occupy entire building or a portion of the building and lease the balance for rental income
- Conveniently located in Downtown Bakersfield
EXECUTIVE SUMMARY
2525 Eye Street is a free standing, two story, +/- 24,504 SF medical office building that includes a three-level parking garage that provides covered parking. The property is located at the NWC of 25th Street and Eye Street within the downtown submarket. The building is adjacent to Adventist Health Hospital and within close proximity to other major hospitals as well as city and county offices, retail, professional and medical users. There is currently one tenant in the building that occupies suite 100 (approx. 25% of the total building) whose lease expires August 31, 2023. New owner can extend lease or have suite vacated for their own occupancy
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
24,504 SF
Building Class
B
Year Built
1986
Price
$4,125,000
Price Per SF
$168.34
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,252 SF
Slab To Slab
9’
Building FAR
0.61
Lot Size
0.92 AC
Opportunity Zone
Yes
Zoning
CO - Professional and Administrative Office Zone - City of Bakersfield
Parking
187 Spaces (7.63 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 005-351-14-00-5 | Improvements Assessment | $4,156,025 |
| Land Assessment | $801,186 | Total Assessment | $4,957,211 |
PROPERTY TAXES
Parcel Number
005-351-14-00-5
Land Assessment
$801,186
Improvements Assessment
$4,156,025
Total Assessment
$4,957,211
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