10215 Stobaugh St Lamont, CA 93241

This exceptional investment opportunity presents a single-tenant office building located at 10215 Stobaugh St, Lamont, CA 93241. The property, boasting 9,802 square feet, is currently 100% occupied by the County of Kern, providing essential services to the Lamont community. The lease commenced on March 1st, 2023, and has a remaining term of approximately 3.3 years, expiring February 28th, 2028. The asking price is $1,400,000, representing a compelling price per square foot of $142.83, significantly below replacement cost. The building, constructed in 1994, is a single-story structure situated on a single lot (APN 186-052-25) and features ample parking. The property generates a strong net operating income (NOI) of $83,526, resulting in an attractive 6.00% capitalization rate. Recent interior improvements enhance the building's functionality and appeal. This is a rare opportunity to acquire a stable, income-producing asset in a growing community, offering a secure investment with significant upside potential. The property is classified as a traditional office building.