+/-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 8, 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

Getting around

  • 63/100

    Walk Score ®

  • 45/100

    Transit Score ®

  • 61/100

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Location

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

Points of Interest

  • Bakersfield

    0.85 miles

  • Arco

    0.92 miles

  • AMPM

    1.14 miles

  • Mobil

    1.51 miles

  • Bakersfield, CA - Camino Del Rio Ct Supercharger

    1.57 miles

  • Shell

    1.67 miles

  • Whitewater Carwash and Lube

    3.85 miles

  • Chevron

    4.03 miles

  • Xerox Employee Parking

    1.51 miles

  • Stockdale Road Park and Ride

    1.62 miles

  • Burger King Parking Lot

    1.70 miles

  • Los Hermanos Parking Lot

    1.72 miles

  • South West Parking Lot

    3.59 miles

  • Maintenance Parking

    3.74 miles

  • Guest Parking Lot

    3.82 miles

  • Stadium Parking Lot (Permit Required)

    3.91 miles

  • Staff Parking Only

    4.06 miles

  • North East Parking Lot (Permit Required)

    4.11 miles

  • Padre Hotel

    0.25 miles

  • Historic Downtowner Inn

    0.26 miles

  • Bakersfield Marriott at the Convention Center

    0.62 miles

  • Best Western Plus Hill House

    0.78 miles

  • Hampton

    0.97 miles

  • Travelodge

    1.00 miles

  • Red Roof Inn

    1.03 miles

  • Extended Stay America - Bakersfield - California Avenue

    1.06 miles

  • Ramada

    1.15 miles

  • Motel 6 Bakersfield, CA - Central

    1.16 miles

  • FoodMaxx

    1.15 miles

  • Albertsons

    1.16 miles

  • Smart & Final

    1.23 miles

  • Ross

    1.54 miles

  • Burlington

    1.61 miles

  • Food 4 Less

    1.79 miles

  • Stop & Shop Market

    2.13 miles

  • ALDI

    2.36 miles

  • Macy's

    2.40 miles

  • Valley Plaza Mall

    2.47 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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