165 Center St Taft, CA 93268
- Office Properties & Spaces
Current Use by Public Records
- Taft DMV / Department Of Motor Vehicles
Property Details for 165 Center St
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional investment opportunity presents a 2,234 square foot, single-tenant creative office building located at 165 Center Street in Taft, California. The property sits on a 12,632 square foot lot (APN 031-430-01) and is zoned DC - Downtown Commercial. The building boasts 13 on-site parking spaces and a convenient drive-through lane. Currently leased to the California Department of Motor Vehicles, a highly creditworthy tenant with a corporate guarantee, this property offers a new 10-year lease commencing January 1, 2025, providing a secure, long-term investment. The building itself is well-maintained, with recent improvements including a resealed and restriped parking lot. This represents a strong investment with an 8.05% cap rate and an asking price of $535,000. The tenant has occupied the premises since the 1970s, demonstrating a long-standing commitment to the location. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location. The property's strong tenant, long-term lease, and attractive cap rate make it an ideal addition to any investment portfolio. The building is a single-story freestanding structure.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taft
- County
- Kern
- State
- California
- Longitude
- -119.455
- Latitude
- 35.1393
