625 34Th StBakersfield, CA 93301

Property Details for 625 34Th St

Year built

2021

Lot size

1.76 AC

Property size (Sq ft)

87,389 SF

Zone code

M1

Property type

Healthcare properties

Property subtype

Medical offices

APN

002-041-19-00-9

APU

204119009

Description

This exceptional three-story, Class A medical office building, totaling 84,000 square feet, is located at 625 34th Street in Bakersfield, California, 93301, in the Bakersfield-Downtown submarket of Kern County. Built in 2020, this single building offers a prime opportunity for medical practices seeking modern, efficient space. The building currently houses Memorial Hospital and Clinic Sierra Vista as tenants. A significant contiguous block of space, ranging from 2,000 to 28,711 square feet, is immediately available for lease. This highly desirable location is situated in the Memorial Hospital Corridor, directly across from Memorial Hospital, ensuring excellent visibility and accessibility for patients and staff. The property's convenient location and modern amenities make it an ideal choice for medical professionals seeking a prestigious and functional workspace. The minimum divisible space is 2,000 square feet. This represents a rare chance to secure space in a state-of-the-art facility within a thriving medical hub.

• CAP approach

  CAP return

  Valuation

  6%

  $24,910,794

  6.5%

  $22,994,580

  7%

  $21,352,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,617,892

  Geo Method

  $16,617,892

• Alternative Use

  Use

  Valuation

  Residential

  $28,513,278

  Hospitality

  $26,118,010

  Educational

  $21,729,878

  Medical

  $22,477,202

  Retail

  $33,802,032

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3901

Longitude

-119.009

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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