Log In/Sign Up
Your email has been sent.
Surgery Center | Price Reduced 5000 Commerce Dr 25,000 SF Vacant Office Building Bakersfield, CA 93309 $9,975,000 ($399/SF) 8.21% Cap Rate
Investment Highlights
- Seek a compelling opportunity, with a recent price reduction from $16,950,000 to $9,975,000, creating an attractive asset well below replacement cost.
- Acquire a state-of-the-art, 25,000 SF medical facility at 5000 Commerce Drive, purpose-built to accommodate modern healthcare delivery.
- Delivered 100% vacant, including a fully improved ground-floor surgery center and a second-floor medical clinic, enhanced with a contemporary style.
- High image building, offering visibility from Highway 58, traveled by over 45,000 vehicles daily, and proximity to many transportation corridors.
- Be surrounded by medical amenities, including the Heart Vascular and Leg Center, Encompass Health Rehabilitation Hospital, and many health practices.
Executive Summary
Just reduced from $16,950,000 to $9,975,000, well below replacement cost. 5000 Commerce Drive is a Class A medical facility in Bakersfield, California. Constructed in 2018, this 25,000-square-foot, two-story medical building was purpose-built to accommodate modern healthcare delivery and offers an exceptional combination of quality, functionality, and visibility.
The property features an approximately 12,500 -square-foot fully improved surgery center on the ground floor (never occupied), complemented by a about 12,500-square-foot medical clinic on the second floor (also never occupied). All this and more provides a highly efficient layout ideal for a wide range of medical users. Designed with contemporary construction standards, the building offers high-end finishes, advanced infrastructure, and a professional environment consistent with top-tier healthcare facilities.
Strategically positioned with direct visibility from Highway 58, the property benefits from exposure to over 45,000 vehicles per day, ensuring strong identity and accessibility for patients and practitioners alike. Its central Bakersfield location further enhances convenience, with proximity to major transportation corridors and surrounding medical amenities.
Call Cushman and Wakefield for more information.
The property features an approximately 12,500 -square-foot fully improved surgery center on the ground floor (never occupied), complemented by a about 12,500-square-foot medical clinic on the second floor (also never occupied). All this and more provides a highly efficient layout ideal for a wide range of medical users. Designed with contemporary construction standards, the building offers high-end finishes, advanced infrastructure, and a professional environment consistent with top-tier healthcare facilities.
Strategically positioned with direct visibility from Highway 58, the property benefits from exposure to over 45,000 vehicles per day, ensuring strong identity and accessibility for patients and practitioners alike. Its central Bakersfield location further enhances convenience, with proximity to major transportation corridors and surrounding medical amenities.
Call Cushman and Wakefield for more information.
Sale Flyer
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$862,500
|
$34.50
|
| Other Income |
$303,000
|
$12.12
|
| Vacancy Loss |
$43,125
|
$1.73
|
| Effective Gross Income |
$1,122,375
|
$44.90
|
| Taxes |
$123,000
|
$4.92
|
| Operating Expenses |
$180,000
|
$7.20
|
| Total Expenses |
$303,000
|
$12.12
|
| Net Operating Income |
$819,375
|
$32.78
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $862,500 |
| Annual Per SF | $34.50 |
| Other Income | |
|---|---|
| Annual | $303,000 |
| Annual Per SF | $12.12 |
| Vacancy Loss | |
|---|---|
| Annual | $43,125 |
| Annual Per SF | $1.73 |
| Effective Gross Income | |
|---|---|
| Annual | $1,122,375 |
| Annual Per SF | $44.90 |
| Taxes | |
|---|---|
| Annual | $123,000 |
| Annual Per SF | $4.92 |
| Operating Expenses | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $7.20 |
| Total Expenses | |
|---|---|
| Annual | $303,000 |
| Annual Per SF | $12.12 |
| Net Operating Income | |
|---|---|
| Annual | $819,375 |
| Annual Per SF | $32.78 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
25,000 SF
Building Class
A
Year Built
2018
Price
$9,975,000
Price Per SF
$399
Cap Rate
8.21%
NOI
$818,948
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,500 SF
Building FAR
0.52
Lot Size
1.10 AC
Zoning
C-2 - Commercial
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Second floor office and medical space available with 18 exam rooms, 4 test rooms, and 11 private offices.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 12,500 SF | Office/Medical | Full Build-Out | 30 Days |
2nd Floor
| Size |
| 12,500 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 12,500 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Second floor office and medical space available with 18 exam rooms, 4 test rooms, and 11 private offices.
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
5,930
100,364
334,183
2025 Population
5,874
100,090
335,109
Population Growth '20-'25
-0.9%
-0.3%
0.3%
2020 Households
2,217
36,695
111,583
2025 Households
2,205
36,721
112,262
Household Growth '20-'25
-0.5%
0.1%
0.6%
Average Age
37
37
36
Median Household Income
$62,636
$63,173
$66,088
Daytime Employees
16,824
93,265
155,421
Total Businesses
2,005
10,840
18,315
College Degree + Higher
21%
19%
18%
Nearby Amenities
Hospitals |
|||
|---|---|---|---|
| Mercy Hospital | Acute Care | 4 min drive | 2.3 mi |
| Bakersfield Heart Hospital | Acute Care | 6 min drive | 2.8 mi |
| Adventist Health Bakersfield | Acute Care | 7 min drive | 3.7 mi |
| Good Samaritan Hospital | Acute Care | 8 min drive | 4.7 mi |
| Bakersfield Memorial Hospital | Acute Care | 9 min drive | 5 mi |
Restaurants |
|||
|---|---|---|---|
| Mamma Mia Panini | - | - | 8 min walk |
Retail |
||
|---|---|---|
| Heart Vascular & Leg Center | Health Care | 2 min walk |
| AAA | Insurance | 5 min walk |
| Optimal Hospice Foundation | Health Care | 6 min walk |
| DaVita Kidney Care | MD/DDS | 6 min walk |
| Bella Lash Boutique | Salon/Barber/Spa | 9 min walk |
Hotels |
|
|---|---|
| Four Points by Sheraton |
157 rooms
4 min drive
|
| Hampton by Hilton |
110 rooms
6 min drive
|
| Extended Stay America Suites |
80 rooms
6 min drive
|
| Spark by Hilton |
93 rooms
5 min drive
|
Property Taxes
| Parcel Number | 331-330-41-00-8 | Total Assessment | $10,102,749 |
| Land Assessment | $1,130,444 | Annual Taxes | $123,000 ($4.92/SF) |
| Improvements Assessment | $8,972,305 | Tax Year | 2026 |
Property Taxes
Parcel Number
331-330-41-00-8
Land Assessment
$1,130,444
Improvements Assessment
$8,972,305
Total Assessment
$10,102,749
Annual Taxes
$123,000 ($4.92/SF)
Tax Year
2026
Sale Advisors
Sale Advisors
Alex Balfour, SIOR, Executive Director
Alex is an Executive Director with Cushman & Wakefield, and is one of the leading Office Broker in Bakersfield with nearly 20 years of commercial real estate experience and numerous office sales and leasing achievements, Alex has been involved in over 5,000,000 SF of transactions for a total consideration of nearly $1,000,000,000 in office sales and leasing. Named CoStar Power Broker for multiple years, Alex is also a member of the Society of Industrial and Office Realtors (SIOR) which is a prestigious national commercial real estate affiliation of the highest producing and most ethical commercial real estate brokers. Landmark office building sales Alex has been involved with include the sale of the Bakersfield State Farm Building ($42MM), Kern Schools Former HQ ($40M), Stockdale Towers ($32MM), 4900 California Avenue ($27MM), County of Kern ($10MM), 5016 California Avenue ($6MM). Alex holds a Bachelors Degree in Business from Cal State Bakersfield where he also served a 4 year term on the Alumni Board. Alex is a life long resident of Kern County. He also has been deeply involved in local children charities helping raise over $1,000,000 over the course of his career. He serves on the Board for the Bakersfield Boys & Girls Club as well as on the William Howell Foundation for Dignity Health Hospital. He is happily married with 2 children and spends his free time hiking, traveling, and playing pickleball.
Jeffrey Andrew, Executive Director
Mr. Andrew is an Executive Director at Cushman & Wakefield, U.S., with an extensive career advising clients on office and investment properties since 1986. He has also owned and operated his own company before joining CBRE in 1997. As a founding partner of CB Bakersfield Partners, Inc., CBRE's Bakersfield Affiliate, he later co-founded Pacific Commercial Realty Advisors, an Alliance Member of Cushman & Wakefield. Mr. Andrew eventually sold his four offices to the publicly traded Cushman & Wakefield.
Throughout his career, he has earned a reputation as a market leader, brokering some of Bakersfield and Central California's most significant deals. He has been the top producer in the Bakersfield office for over 15 years and has successfully closed nearly $750 million in sales and leased over 2.0 million square feet of property across the United States. With 39 years of experience, he remains a prominent figure in the real estate industry.
Mr. Andrew is also deeply committed to his community. He is a member of the prestigious Young Presidents' Organization (YPO), served on the Cal State University Bakersfield Council of One Hundred, and has been actively involved with organizations such as Mercy Hospital and the Friends of Mercy Foundation. His leadership roles include Chairing Fundraising for the Girl Scouts Joshua Council, the Kern High School District Fundraising Committee, and serving as a past member of the Bakersfield Planning Commission.
Mr. Andrew earned a Bachelor of Science in Agricultural Marketing from California State University, Fresno
Throughout his career, he has earned a reputation as a market leader, brokering some of Bakersfield and Central California's most significant deals. He has been the top producer in the Bakersfield office for over 15 years and has successfully closed nearly $750 million in sales and leased over 2.0 million square feet of property across the United States. With 39 years of experience, he remains a prominent figure in the real estate industry.
Mr. Andrew is also deeply committed to his community. He is a member of the prestigious Young Presidents' Organization (YPO), served on the Cal State University Bakersfield Council of One Hundred, and has been actively involved with organizations such as Mercy Hospital and the Friends of Mercy Foundation. His leadership roles include Chairing Fundraising for the Girl Scouts Joshua Council, the Kern High School District Fundraising Committee, and serving as a past member of the Bakersfield Planning Commission.
Mr. Andrew earned a Bachelor of Science in Agricultural Marketing from California State University, Fresno
Scott Salters, Senior Director
Scott is a Senior Director in Cushman & Wakefield’s Bakersfield, CA market, where he specializes in general and medical office and office-warehouse industrial properties. With nearly a decade of experience in the commercial real estate industry Scott has consistently performed on behalf of his clients to help them achieve their goals and established himself as a market leader.
Scott began his career as a Portfolio Accountant at M.D. Atkinson Inc. and later Property Manager. During his time in accounting and management, Scott developed a unique understanding of the financial workings and operations of a portfolio consisting of Multifamily housing, retail shopping centers and medical office buildings and development. His experience in working with Tenant’s, Property Owners, and Finance have given him an attention to detail which created a set of skills to help aide his clients in lease negotiations, renewals, acquisitions, and dispositions.
Scott has been involved in over $100,000,000.00 of deal volume in his time with Cushman & Wakefield including the sale and leasing of some of the region’s largest transactions. Scott has also built a reputation that is deeply rooted in his community. He and his wife Kendall actively support several organizations including: The American Heart Association, Alzheimer’s Disease Association of Kern County, The Active 20-30 Club of Bakersfield and Young Life. Scott is currently serving as Chair of the Board for the Golden Empire Gleaners. In his free time, Scott enjoys spending time with their young family: Stanley (age 2), Meredith (age 2 months) and their Two Beagles (Baxter & Bay).
Clients:
Cal Trans
Borton Petrini LLP
Maxim Health Care Services
Better Business Bureau
Clifford and Brown LLP
Aerotek
Glinn & Giordano Physical Therapy
Saguaro Investors
Blumer Investments
Cardinal Capital
Kern Ag Partners Inc.
Moo Creamery
1920 18th Street LLC
ACES ABA
Scott began his career as a Portfolio Accountant at M.D. Atkinson Inc. and later Property Manager. During his time in accounting and management, Scott developed a unique understanding of the financial workings and operations of a portfolio consisting of Multifamily housing, retail shopping centers and medical office buildings and development. His experience in working with Tenant’s, Property Owners, and Finance have given him an attention to detail which created a set of skills to help aide his clients in lease negotiations, renewals, acquisitions, and dispositions.
Scott has been involved in over $100,000,000.00 of deal volume in his time with Cushman & Wakefield including the sale and leasing of some of the region’s largest transactions. Scott has also built a reputation that is deeply rooted in his community. He and his wife Kendall actively support several organizations including: The American Heart Association, Alzheimer’s Disease Association of Kern County, The Active 20-30 Club of Bakersfield and Young Life. Scott is currently serving as Chair of the Board for the Golden Empire Gleaners. In his free time, Scott enjoys spending time with their young family: Stanley (age 2), Meredith (age 2 months) and their Two Beagles (Baxter & Bay).
Clients:
Cal Trans
Borton Petrini LLP
Maxim Health Care Services
Better Business Bureau
Clifford and Brown LLP
Aerotek
Glinn & Giordano Physical Therapy
Saguaro Investors
Blumer Investments
Cardinal Capital
Kern Ag Partners Inc.
Moo Creamery
1920 18th Street LLC
ACES ABA
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
