Listed by Colliers - Bakersfield, California
$3,850,000
5300 Lennox Ave
Details
APN 331-032-46
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 19,848
Units 91
Occupancy 93.45%
Tenancy Multi
Class B
Year Built 1982
Year Renovated 2023
Buildings 3
Stories 1
Acreage 1.430
Zoning (C-O) Commercial Office
Parking Spaces 91 spaces
Parking Per SqFt 4.58
Investment Type Stabilized
Office | 8.00% CAP | 19,848 SqFt
Marketing description
5300 Lennox Avenue is a multi-tenant medical/professional office investment located at 5300 Lennox Avenue, Bakersfield, California 93309. The property contains approximately 19,848 square feet on 1.43 acres and is currently 93.45% occupied, with only 1,300 square feet vacant.
The property is a single-story garden-style office building in Bakersfield's primary business district, one block off California Avenue, with upgraded exteriors, roofing, HVAC improvements, signage, and common area restroom upgrades. Based on the current tenant roster and broker strategy, the asset is positioned primarily as a mixed medical/professional office investment serving both healthcare and general office users.
Investment highlights
- 93.45% leased office investment with 18,547 occupied square feet and only 6.55% vacancy.
- Multi-tenant rent roll with a mix of medical, medical spa, chiropractic, rehabilitation, and professional office tenancy.
- Remaining vacancy is limited to Suite 103, totaling 1,300 square feet, creating manageable lease-up upside.
- The project includes three separate buildings with a central courtyard and abundant parking, supporting a campus-style professional environment.
- Recent improvements include upgraded restrooms, new exterior painting, common area renovations, exterior upgrades, and solar powered energy.
- Strategic southwest Bakersfield location near California Avenue, Mohawk Street, Highway 58, Freeway 99, and the Westside Parkway.
Listing Contacts
Listed by Colliers - Bakersfield, California
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