+/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback

1801 16th St, Bakersfield, CA 93301

  • For Sale $3,350,000
  • Property Type Office - General Office
  • Property Size 15,817 SF
  • Lot Size 44,418 SF
  • Parking Spaces Avail. 60
  • Building Class B
  • Year Built 1969
  • Year Renovated 2004
  • Date Updated Feb 18, 2025

Colliers International is pleased to offer a prime, 15,817 SF medical office building investment opportunity. The building is 94% occupied and offers a partial leaseback for 70% of the building. The building is offered at $3,350,000 ($212/sf) reflecting an attractive 7.7% Cap Rate based on the current income and expenses.

The building was constructed in 1969 but completely remodeled and modernized with new medical improvements in 2004 for Centennial Medical Group. Since the 2004 renovation, smaller suites have been created, constructed and leased. Most of the suites have been updated or modernized with new finishes and décor.

Currently the building is leased to four tenants and has one vacancy of 908 sf. All leases are Triple Net and all Operating Expenses are fully reimbursed to the Owner (except insurance). The combined land area is more than 44,418 sf with 60 existing off-street parking spaces plus an abundance of street parking. A portion of the land has not been developed and can accommodate additional building area or additional parking.

For Sale

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Attachments

Contacts

broker
David A. Williams

Colliers

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable

  • Transit Score ®

    45/100 Some Transit

  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Bakersfield, CA
  • Neighborhood Riviera - Westchester
  • Zip Code 93301
  • Market Central Valley

Points of Interest

  • Bakersfield

    0.85 miles

  • Arco

    0.92 miles

  • AMPM

    1.14 miles

  • Mobil

    1.51 miles

  • Bakersfield, CA - Camino Del Rio Ct Supercharger

    1.57 miles

  • Shell

    1.67 miles

  • Whitewater Carwash and Lube

    3.85 miles

  • Chevron

    4.03 miles

  • Xerox Employee Parking

    1.51 miles

  • Stockdale Road Park and Ride

    1.62 miles

  • Burger King Parking Lot

    1.70 miles

  • Los Hermanos Parking Lot

    1.72 miles

  • South West Parking Lot

    3.59 miles

  • Maintenance Parking

    3.74 miles

  • Guest Parking Lot

    3.82 miles

  • Stadium Parking Lot (Permit Required)

    3.91 miles

  • Staff Parking Only

    4.06 miles

  • North East Parking Lot (Permit Required)

    4.11 miles

  • Padre Hotel

    0.25 miles

  • Historic Downtowner Inn

    0.26 miles

  • Bakersfield Marriott at the Convention Center

    0.62 miles

  • Best Western Plus Hill House

    0.78 miles

  • Hampton

    0.97 miles

  • Travelodge

    1.00 miles

  • Red Roof Inn

    1.03 miles

  • Extended Stay America - Bakersfield - California Avenue

    1.06 miles

  • Ramada

    1.15 miles

  • Motel 6 Bakersfield, CA - Central

    1.16 miles

  • McDonald's

    0.59 miles

  • Bravos Char Burgers Bakersfield

    0.61 miles

  • Mexicali

    0.80 miles

  • Nuestro México

    0.84 miles

  • Jack in the Box

    0.90 miles

  • Taco Bell

    0.94 miles

  • New Vintage Grill

    0.94 miles

  • Burger King

    0.98 miles

  • Chinatown Buffet

    0.99 miles

  • Bootleggers

    0.99 miles

  • Bakersfield Adult School

    0.20 miles

  • Bakersfield High School

    0.25 miles

  • Franklin Elementary School

    0.45 miles

  • William Penn Elementary School

    0.56 miles

  • Phoenix Learning Center

    0.65 miles

  • Saint Francis School

    0.82 miles

  • Emerson Junior High School

    1.06 miles

  • Roosevelt Elementary School

    1.09 miles

  • Peter Pan School

    1.11 miles

  • McKinley Elementary School

    1.15 miles

  • Greenfield Country Preschool

    6.11 miles

Frequently Asked Questions

How much does +/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback cost?

The space currently listed for sale at +/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback asks for $3,350,000.

What is the total square footage of +/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback?

+/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback totals 15,817 square feet.

When was this property built?

+/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback was built in 1969.

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Contact Listing Broker
broker
David A. Williams

Colliers

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