+/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback

For Sale

1801 16th St, Bakersfield, CA 93301

This Bakersfield property for sale is located at 1801 16th St. The general use of +/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback is office and it incorporates 15,817 square feet of class B office space. The current listed sale price for +/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback is $3,350,000. +/-15,817 SF Medical Office Building Investment Opportunity | 7.70% CAP | Partial Leaseback is situated on a lot that is 44,418 square feet in size.

Contacts

broker
David A. Williams

Colliers

Property Details

  • Property Type Office - General Office
  • Property Size 15,817 SF
  • Lot Size 44,418 SF
  • Parking Spaces Avail. 60
  • Building Class B
  • Year Built 1969
  • Year Renovated 2004
  • Date Updated Jun 20, 2025

Colliers International is pleased to offer a prime, 15,817 SF medical office building investment opportunity. The building is 94% occupied and offers a partial leaseback for 70% of the building. The building is offered at $3,350,000 ($212/sf) reflecting an attractive 7.7% Cap Rate based on the current income and expenses.

The building was constructed in 1969 but completely remodeled and modernized with new medical improvements in 2004 for Centennial Medical Group. Since the 2004 renovation, smaller suites have been created, constructed and leased. Most of the suites have been updated or modernized with new finishes and décor.

Currently the building is leased to four tenants and has one vacancy of 908 sf. All leases are Triple Net and all Operating Expenses are fully reimbursed to the Owner (except insurance). The combined land area is more than 44,418 sf with 60 existing off-street parking spaces plus an abundance of street parking. A portion of the land has not been developed and can accommodate additional building area or additional parking.

For Sale

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Attachments

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Location

  • City Bakersfield, CA
  • Neighborhood Riviera - Westchester
  • Zip Code 93301
  • Market Central Valley

Points of Interest

  • Bakersfield

    0.85 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
David A. Williams

Colliers

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