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Office Medical

4000 Physicians Blvd

4000 Physicians Blvd, Bakersfield, CA 93301

Listing Price: $2,500,000

Cap Rate
3.77%
Gross SF
16,423
Rentable SF
16,423
Price/Gross SF
$152.23
Year Built
1983
Lot Size
0.36 acres

Investment Overview

Owner/User and Investment Opportunity. Marcus & Millichap is pleased to present the fee-simple ownership interest in 4000 Physicians Blvd - Bldg E (the property) which is located in Bakersfield, California. The property was delivered in 1983 and offers 16,456 square feet medical office space situated on approximately 0.36 acres land. The two-story medical office building is constructed of masonry, brick and glass and has an interior elevator. Located in a gated medical plaza, the only one in town, the property is just 0.35 miles from Memorial Hospital - Bakersfield. The property is prominently visible form W Columbus St, a frequently traveled four-lane East/West roadway and is easily accessed from 40th Street. Ample (8.00 : 1000 ratio) surface parking is available onsite directly in front and side of the building.

The 84% occupied property has two specialized medical tenants practicing in Cardiology and Obstetrics & Gynecology, the remaining 16% second floor is fully built out with upgrades and is available for immediate occupancy. The tenants have modified gross (MG) leases.

The 4000 Physicians Blvd - Bldg E offers a unique investment opportunity for an owner/user or investor to take advantage of the existing income in place, increase income through additional lease up or utilize the available space for its own use.

Investment Highlights

  • 0.35 Miles from Memorial Hospital - Bakersfield, a 426 Bed General Hospital
  • Modified Gross Leases with Annual Increases
  • Three Units
  • Currently is 84% Occupied Available for Owner/User with Additional Upside Potential
  • 1.5 Miles from Downtown Bakersfield, California
  • 16,456-Square Foot Multi-Tenant Medical Office Building Constructed in 1983

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
3.77%
Gross SF
16,423
Rentable SF
16,423
Price/Gross SF
$152.23
Year Built
1983
Lot Size
0.36 acres

Investment Highlights

  • 0.35 Miles from Memorial Hospital - Bakersfield, a 426 Bed General Hospital
  • Modified Gross Leases with Annual Increases
  • Three Units
  • Currently is 84% Occupied Available for Owner/User with Additional Upside Potential
  • 1.5 Miles from Downtown Bakersfield, California
  • 16,456-Square Foot Multi-Tenant Medical Office Building Constructed in 1983

Investment Overview

Owner/User and Investment Opportunity. Marcus & Millichap is pleased to present the fee-simple ownership interest in 4000 Physicians Blvd - Bldg E (the property) which is located in Bakersfield, California. The property was delivered in 1983 and offers 16,456 square feet medical office space situated on approximately 0.36 acres land. The two-story medical office building is constructed of masonry, brick and glass and has an interior elevator. Located in a gated medical plaza, the only one in town, the property is just 0.35 miles from Memorial Hospital - Bakersfield. The property is prominently visible form W Columbus St, a frequently traveled four-lane East/West roadway and is easily accessed from 40th Street. Ample (8.00 : 1000 ratio) surface parking is available onsite directly in front and side of the building.

The 84% occupied property has two specialized medical tenants practicing in Cardiology and Obstetrics & Gynecology, the remaining 16% second floor is fully built out with upgrades and is available for immediate occupancy. The tenants have modified gross (MG) leases.

The 4000 Physicians Blvd - Bldg E offers a unique investment opportunity for an owner/user or investor to take advantage of the existing income in place, increase income through additional lease up or utilize the available space for its own use.

Exclusively Listed By

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