Accelerated Urgent Care | 4040 California Ave
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Accelerated Urgent Care 4040 California Ave
6,039 SF Office Building Bakersfield, CA 93309 $4,900,000 ($811/SF) 7.23% Cap Rate
Investment Highlights
- State of the art retrofit-to-suit in 2020 providing patients with the best technology
- 3% annual rental increases during the primary term and option periods, providing an investor with a hedge against inflation
- The lease structure is Abs. NNN with a corporate/personal guaranty, making this a passive investment opportunity for a hands-off investor
- Accelerated Urgent Care specializes in Medi-Cal insured patients, largest health plan covering 38% of Kern County through the Kern Family Health Care
Executive Summary
A corporate/personal guaranteed absolute NNN Accelerated Urgent Care with 11 years remaining in the primary term. The subject property is located at a heavily trafficked, signalized intersection in Bakersfield, CA, the largest economy in San Joaquin Valley.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,039 SF
Building Class
C
Year Built/Renovated
1971/2020
Price
$4,900,000
Price Per SF
$811
Cap Rate
7.23%
NOI
$354,125
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,346 SF
Building FAR
0.16
Land Acres
0.84 AC
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Bryan Webb -
CP Partners
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Accelerated Urgent Care | 4040 California Ave
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