Listed by Colliers - Bakersfield, California
$1,675,000
4949 Buckley Way
Details
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 13,001
Units 22
Cap Rate 5.28%
NOI $88,369
Occupancy 92%
Tenancy Multi
Pro-Forma Cap Rate 9.49%
Pro-Forma NOI $165,181
Price per SqFt $129
Year Built 1980
Buildings 1
Stories 2
Acreage 0.620
Zoning C-2 (Regional Commercial Zone)
Investment Type Value Add
Multi-Tenant Leased Investment Value Add Opportunity
Marketing description
4949 Buckley Way is an approximately 13,001 square foot, multi-tenant, two-story, freestanding, professional office building that is being offered as a value-add leased investment. The property is conveniently located in Southwest Bakersfield just west of Stine Road and south of Ming Avenue. The building provides a unique opportunity for an investor to purchase the property well below replacement cost with significant upside in the rents.
Investment highlights
- Approx. 13,001 square foot, multi-tenant, two-story, freestanding, professional office building.
- Unique value add opportunity with significant upside in rents.
- Offered well below replacement cost.
- Currently 92% occupied.
- Small suite sizes that range from 340 SF – 1,060 SF.
- Each suite is individually metered for utilities.
- Each suite has exterior windows with natural light.
- Elevator access to the 2nd floor.
- Common area restrooms located on both the 1st and 2nd floors.
- Monument signage available.
- Abundant amount of onsite parking (some covered) plus street parking.
- Zoned C-2 (Regional Commercial Zone) – City of Bakersfield.
- Year Built: 1980
Listing Contacts
Listed by Colliers - Bakersfield, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,369.00
$7,364.08/mo
Valuation Metrics
0
DSCR
5.28%
Cap Rate
5.28%
ROI
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