2525 North Chester Avenue

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2525 North Chester Avenue

Bakersfield, CA 93308
Asking Price
$2.48M
Cap Rate
13.3%
Asset Type
Traditional Office Office
Class
Class B

What's Special

Office | 13.30% CAP | 38,008 SqFt <ul><li>​Affordable office campus available well below replacement cost.</li><li>​The property features abundant parking including fenced and gated secure parking west of the building.</li><li>​Attractive landscaped courtyards provide a park-like setting.</li><li>​Potential for multi-tenant occupancy given multiple entry points and restroom facilities throughout.</li><li>​Monthly net income of more than $26,000 through the end of the County of Kern lease (June 30, 2027)</li><li>​Sprawling 5.32 a

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NOI
$80,000
Cap Rate
3.23%
DSCR
0.54
Underwater
Cash-on-Cash
-9.02%
Monthly Payment
$12,244.95
Annual Cash Flow
$-66,939.395

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