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    5000 Commerce Dr Bakersfield, CA 93309

    Sponsored
    For Sale
    $16,950,000

    Two Class A medical buildings, sale/leaseback.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 5000 Commerce Dr

    General Information

    Property type
    Medical offices
    Class
    A

    Building Details

    Year Built/Renovated
    2018/2009
    Buildings
    2
    Stories
    1

    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 Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0581016
    Latitude
    35.368324

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    FAQs

    What type of property is this?
    Medical office - Two Class A medical buildings, sale/leaseback.
    Where is this medical office 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.
    Request Owner's contact information
    5000 Commerce Dr Bakersfield, CA 93309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5000 Commerce Dr Bakersfield, CA 93309
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