3737 San Dimas St Bakersfield, CA 93301

Property Details for 3737 San Dimas St

Year built

1972

Property size

11,749 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents two fully leased Class B medical office buildings totaling 11,749 square feet, situated on a 45,581 square foot lot in Bakersfield, California. Located at 3737 San Dimas Street, this Core+ property boasts a 5.87% cap rate and a compelling asking price of $3,200,000 ($272.36/sq ft). The property consists of two single-story buildings constructed in 1972 and 1978, with renovations completed in 2015 and 2002 respectively. Building 101 (5,927 sq ft) and Building 102 (5,822 sq ft) each feature multiple exam rooms, doctor's offices, administrative spaces, procedure rooms, waiting areas, and ADA-compliant restrooms. The property benefits from ample parking (5.28 spaces per 1,000 sq ft), a convenient CO zoning designation, and a prime location directly across from Memorial Hospital, providing excellent visibility and accessibility. The current occupancy is 100%, with built-in rent bumps of 3%. The property's strategic location offers proximity to other medical facilities, amenities, and major highways. APN: 120-181-38, 130-181-29. This is a rare opportunity to acquire a stable, high-performing medical office portfolio in a desirable location.