Investment Overview

Marcus and Millichap are pleased to present this single-tenant office building. The subject property was built in 1964 with renovations done since 2013. The property is situated on a 4,791 sf lot with approx. 6 parking spaces are located on the rear side of the building. The current tenant has been operating the Mt. Vernon Massage parlor at this location for over 10 years. The current tenant has just signed a 3-year Gross Lease in April of 2023. The tenant pays for maintenance, water, and electricity. Located across the street from Bakersfield College, this property is in a prime location for an investor to own a strong reliable investment asset. Rarely does an opportunity with a Cap Rate this high come on the market, when it does, investment property is sold quickly. Great opportunity for first-time investors.