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2525 N Chester Ave 44,480 SF Office Building Bakersfield, CA 93308 $2,475,000 ($55.64/SF) 13.03% Cap Rate
Investment Highlights
- Affordable office campus available well below replacement cost
- The property features abundant parking including fenced and gated secure parking west of the building
- Extensive, mature landscaping throughout in a park-like setting
- Leased through June of 2027
- Sprawling 5.32 acres site
Executive Summary
ASU Commercial is pleased to present for sale 2525 North Chester Avenue, a single-story office building located in the North Bakersfield/Oildale submarket. The property is currently leased through June of 2027 to the County of Kern. The tenant will vacate upon lease expiration presenting the opportunity for a user to purchase an office asset at well below replacement cost. The projected net income of $320,000 from July 1, 2026 through the end of the tenant’s lease term will allow a buyer to receive substantial income while planning their use of the property. The building has potential for multi-tenant occupancy given multiple entry points and restroom facilities throughout.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
44,480 SF
Building Class
B
Year Built
1969
Price
$2,475,000
Price Per SF
$55.64
Cap Rate
13.03%
NOI
$322,605
Tenancy
Single
Building Height
1 Story
Typical Floor Size
44,480 SF
Building FAR
0.19
Lot Size
5.32 AC
Zoning
CO - Commercial Office
Parking
98 Spaces (2.2 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Reception
- Monument Signage
- Outdoor Seating
- Air Conditioning
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 491-020-05-00-1 | Improvements Assessment | $2,748,492 |
| Land Assessment | $1,396,841 | Total Assessment | $4,145,333 |
Property Taxes
Parcel Number
491-020-05-00-1
Land Assessment
$1,396,841
Improvements Assessment
$2,748,492
Total Assessment
$4,145,333
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2525 N Chester Ave
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