1227 Chester Avenue

-Highly visible freestanding two-story office building fronting Chester Avenue between California Avenue and Truxtun Avenue.

-Ideal for Owner-Users or Investors: Bristol Hospice is a credit tenant with almost 2-years remaining on the lease at below market rents. Over 7% in-place CAP Rate.

-More than 37,00 AADT at the intersection of Chester Avenue and California Avenue.

-Flexible C-C (Commercial Center) zoning allows for many commercial, office and multi-family uses.

-Recently renovated in 2018. Elevator served and ADA compliant.

-Close proximity to Highway 58, 178, 99, and the Westside Parkway providing convenient access to all areas of Kern County

-Close proximity to Kern County Superior Court, Mechanics Bank Arena, Bakersfield City Hall, and many government offices and restaurants.

1227 Chester Avenue is a unique opportunity for an owner-user or investor to acquire a prominent, two-story freestanding office building with frontage on Chester Avenue near the highly trafficked intersection of Chester Avenue and California Avenue in the heart of Downtown Bakersfield. The building is elevator served, ADA compliant, and was recently renovated in 2018 for a new tenant, Bristol Hospice. Their term expires in March of 2024 and the contract rent is below market lease rates yet still offers an investor more than a 7% return in year one on in-place income with potential for upside. A new owner may choose to negotiate an early termination or re-lease the property to a new tenant upon their expiration. Flexible C-C (Commercial Center) zoning allows for many commercial, office and multi-family uses, and the property enjoys easy access to all areas of Kern County via Highway 58, 99, 178, and the Westside Parkway. Call 661-885-6949 for more information.