5000 Commerce Dr Bakersfield, CA 93309

Property Details for 5000 Commerce Dr

Year built

2009

Construction

WOOD

Lot size

2.56 lot acres

Property size

25,033 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

331-330-41-00-8

APU

33133041008

Description

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.

Location Insight

City

Bakersfield

County

Kern

State

California

Longitude

-119.058

Latitude

35.3684

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments