5329 Office Center Ct 30,310 SF 99% Leased Office Building Bakersfield, CA 93309 $5,330,000 ($175.85/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Easy access to Freeway 99 and 58, providing an ideal location for utmost ease of travel throughout Bakersfield
- Excellent access to Stockdale Highway and California Avenue
- Banking, shopping, restaurants, entertainment, Class A office and more
EXECUTIVE SUMMARY
Colliers | Bakersfield is proud to present 5329 Office Center Ct; multi-tenant office building in Bakersfield, CA. The building is strategically situated near the crux of California Avenue and Mohawk St, within Bakersfield’s primary business district. The office buildings benefit from premier exposure and accessibility along the California commercial corridor located within an active, mixed use development with strong, professional tenancy.
5329 Office Center Ct is approximately 30,310 square foot multi-tenant office project located in the heart of the California corridor, Bakersfield’s premier business district, which provides a central location with ease of access to Freeway 99, Highway 58 and the Westside Parkway. The entire project was upgraded and renovated in 2020-2021.
5329 Office Center Ct is approximately 30,310 square foot multi-tenant office project located in the heart of the California corridor, Bakersfield’s premier business district, which provides a central location with ease of access to Freeway 99, Highway 58 and the Westside Parkway. The entire project was upgraded and renovated in 2020-2021.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
30,310 SF
Building Class
B
Year Built/Renovated
1982/2023
Price
$5,330,000
Price Per SF
$175.85
Cap Rate
7.20%
NOI
$383,760
Percent Leased
99%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,155 SF
Building FAR
0.31
Lot Size
2.21 AC
Zoning
CO
Parking
141 Spaces (4.65 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Courtyard
- Signage
- Storage Space
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Suite 228 | 209 SF | Office | - | Now |
1st Fl-Ste Suite 228
| Size |
| 209 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 331-032-45-00-7 | Improvements Assessment | $1,570,774 |
| Land Assessment | $1,232,304 | Total Assessment | $2,803,078 |
