For Sale
$16,950,000

5000 Commerce Dr Bakersfield, CA 93309

Two Class A medical buildings, sale/leaseback.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a portfolio of two Class A medical buildings totaling approximately 25,000 net rentable square feet, situated at 5000 Commerce Dr, Bakersfield, CA 93309. The property, zoned C-2, consists of two single-story buildings constructed in 2009 and 2018, with recent renovations in both years. Building one, a ±25,000 square foot facility built in 2018 by Klassen Corporation, features a state-of-the-art surgical center with four operating rooms on the ground floor and modern medical office space upstairs. Building two, a ±16,000 square foot building constructed in 2009, is currently occupied by a well-established medical practice and is available for a leaseback. The portfolio boasts a combined 143 parking spaces (6 spaces per 1,000 sq ft), offering ample parking for patients and staff. Currently at 55% occupancy, the property offers a compelling sale/leaseback opportunity with a corporate guarantee and a lease commencement date of July 24, 2024. The asking price is $16,950,000, with a triple net (NNN) lease and 3% annual rent bumps. The property benefits from excellent freeway access and high visibility. This is an ideal investment for owner-users seeking a long-term leaseback option or for investors looking for a strong, stable income stream. The property is offered as a combined portfolio or separately. Further details are available upon request.

Highlights

  • Exceptional investment opportunity: Two Class A medical buildings totaling 25,000 net rentable square feet in Bakersfield, CA.
  • Two single-story buildings (2009 & 2018 construction) with recent renovations.
  • Building features include a state-of-the-art surgical center with four operating rooms and modern medical office space.
  • 143 parking spaces (6/1,000 sq ft).
  • Currently 55% occupied; sale/leaseback opportunity with corporate guarantee, lease commencement July 24, 2024, and 3% annual rent bumps.
  • $16,950,000 asking price; triple-net (NNN) lease.

Property Details for 5000 Commerce Dr

Property type
Office properties, Medical offices
Class
A
Year Built/Renovated
2018/2009
Buildings
2
Stories
1

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.368324
Longitude
-119.0581016

FAQs

What type of property is this?
Office property - Two Class A medical buildings, sale/leaseback.
Where is the office property located?
The property is located at 5000 Commerce Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $16,950,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Two Class A medical buildings totaling 25,000 net rentable square feet in Bakersfield, CA.; Two single-story buildings (2009 & 2018 construction) with recent renovations.; Building features include a state-of-the-art surgical center with four operating rooms and modern medical office space.
How can I contact the broker?
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5000 Commerce Dr
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