Listed by ASU Commercial
$2,475,000
2525 North Chester Avenue
Details
APN 491-020-05
Property Type Office
Sub Type Traditional Office
Square Footage 38,008
Net Rentable (SqFt) 38,008
Units 98
Cap Rate 13.30%
Tenancy Single
Lease Expiration 06/30/2027
Pro-Forma NOI $322,605
Price per SqFt $65
Year Built 1969
Stories 1
Acreage 5.320
Zoning C-0, Commercial Office, County of Kern
Parking Spaces 98 spaces
Parking Per SqFt 2.58
Investment Type Owner/User
Office | 13.30% CAP | 38,008 SqFt
Marketing description
ASU Commercial is pleased to present for sale 2525 North Chester Avenue, a single-story office building located in the North Bakersfield/Oildale submarket. The property is currently leased through June of 2027 to the County of Kern. The tenant will vacate upon lease expiration presenting the opportunity for a user to purchase an office asset at well below replacement cost. The projected net income of $320,000 from July 1, 2026 through the end of the tenant's lease term will allow a buyer to receive substantial income while planning their use of the property.
Investment highlights
- Affordable office campus available well below replacement cost.
- The property features abundant parking including fenced and gated secure parking west of the building.
- Attractive landscaped courtyards provide a park-like setting.
- Potential for multi-tenant occupancy given multiple entry points and restroom facilities throughout.
- Monthly net income of more than $26,000 through the end of the County of Kern lease (June 30, 2027)
- Sprawling 5.32 acres site.
- Located contiguous to retail shopping and a residential neighborhood just east of North Bakersfield High School.
Listing Contacts
Listed by ASU Commercial
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