Fully Leased Medical Office Investment

  • 2,856 Square Feet
  • Healthcare-Medical Office
  • For Sale

Summary Description

2019 21st Street is an approximately 2,856 SF medical office building, situated on an 8,418 SF lot. Built in 1973 and completely renovated in 2002, the building is in excellent condition. Exterior walls are primarily stucco, except the front of the building is brick with windows. Interior is improved with normal medical office improvements and can be divided into two (2) separate suites, if desired.

Property Status: For Sale

Lot Size: 8418 Square Feet

Building Size: 2856 Square Feet

Area Available: 2,856 Square Feet

Features:

  • An approx. 2,856 SF free standing, medical office building
  • Located in Downtown Bakersfield near Dignity Health Mercy Downtown Hospitaland Adventist Health Bakersfield
  • Eight (8) private spaces and five (5) are covered
  • Building features a conventional medical floor plan
  • Fully leased to an Internal Medicine Physician
  • Actual cap rate of 9.04%
  • Lease expiration of September 30, 2019
  • Modified Gross Lease where tenant pays for utilities and janitorial in addition to base rent
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