Medical/Surgery Center Buildings
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Medical/Surgery Center Buildings
2 Office Properties Offered at £13,390,669 in Bakersfield, CA
Investment Highlights
- Class A Medical Building & Surgery Center
- Visible from Hwy 58 & Truxtun Avenue
- Partially NNN Leased
- Centrally Located
Executive Summary
Class A Medical Building & Surgery Center Portfolio for sale. Leaseback portion creating ±7.4% proforma cap rate when fully stabilized. 5000 Commerce Drive was built in 2009, and 5020 Commerce Drive was newly built in 2018 with a newer surgery center on the ground floor with four (4) Operating Rooms. Located central in town closest to most main hospitals, and near Highway 99/58. Frontage to Hwy 58 and visibility to Truxtun Avenue gives users roughly ±73,000 daily traffic count. Call for more details.
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
£984,747
|
| Other Income |
£316,004
|
| Vacancy Loss |
-
|
| Effective Gross Income |
£1,300,751
|
| Taxes |
£158,002
|
| Operating Expenses |
£158,002
|
| Total Expenses |
£316,004
|
| Net Operating Income |
£984,747
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £984,747 |
| Other Income | |
|---|---|
| Annual | £316,004 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | £1,300,751 |
| Taxes | |
|---|---|
| Annual | £158,002 |
| Operating Expenses | |
|---|---|
| Annual | £158,002 |
| Total Expenses | |
|---|---|
| Annual | £316,004 |
| Net Operating Income | |
|---|---|
| Annual | £984,747 |
Property Facts
| Price | £13,390,669 | Status | Active |
| Price / SF | £325.57 / SF | Number of Properties | 2 |
| Sale Conditions | Sale & Leaseback | Individually For Sale | 0 |
| Net Initial Yield | 7.40% | Total Building Size | 41,130 SF |
| Sale Type | Investment | Total Land Area | 5.12 AC |
| Price | £13,390,669 |
| Price / SF | £325.57 / SF |
| Sale Conditions | Sale & Leaseback |
| Net Initial Yield | 7.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 41,130 SF |
| Total Land Area | 5.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5000 Commerce Dr, Bakersfield, CA 93309 | Office | 25,000 SF | 2009 | - |
| 5020 Commerce Dr, Bakersfield, CA 93309 | Office | 16,130 SF | 2018 | - |
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Alex Balfour, SIOR -
Jeffrey Andrew -
Scott Salters -
Susan Moreno -
Cushman & Wakefield
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Medical/Surgery Center Buildings
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