7500 District Boulevard, Bakersfield, CA

CAMERON MAHONEY SENIOR VICE PRESIDENT I PRINCIPAL CENTRAL CALIFORNIA OFFICE PROPERTIES TEAM LICENSE NUMBER 01937802DIR 661 631 3814 cameron.mahoney@colliers.com

COLLIERS INTERNATIONALLicense Number 0045246810000 Stockdale Highway, Suite 102 Bakersfield, CA 93311www.colliers.com/bakersfield

FOR SALE OR LEASE - SALE PRICE REDUCED!!MULTI-TENANT PROFESSIONAL OFFICE BUILDING

1200 21ST STREET, BAKERSFIELD, CA 93301

Photo Courtesy of Costar.com

FOR A VIRTUAL TOURFOR A VIRTUAL TOURSALE PRICE SALE PRICE

REDUCED!!REDUCED!!

$945,000.00$945,000.00

$915,000.00$915,000.00

JASON ALEXANDER SENIOR VICE PRESIDENT I PRINCIPAL CENTRAL CALIFORNIA OFFICE PROPERTIES TEAM LICENSE NUMBER 01360995DIR 661 631 3818 jason.alexander@colliers.com

COLLIERS INTERNATIONAL123 Anywhere Street, Suite#City, State Zipcode123 456 7890www.colliers.com

FOR SALE OR LEASE - SALE PRICE REDUCED!!MULTI-TENANT PROFESSIONAL OFFICE BUILDING PROPERTY INFORMATION 1200 21ST STREET, BAKERSFIELD, CA 93301 1200 21st Street is an approximately. 6,434 SF free standing, two-story multi-tenant professional office building, located on the NWC of 21st St. and ‘M’ St. in Downtown Bakersfield which is conveniently located and surrounded by office, medical, retail, and food users. The property is being offered with a lease back from the Seller, whom currently occupies the entire 2nd floor, creating a unique and ideal opportunity for a Buyer.

AVAILABLE:Total Size: +/-6,434 SFGround Floor: +/-3,284 SFSecond Floor: +/- 3,150 SFLot Size: +/-15,346 SF

PROPERTY HIGHLIGHTS: > Limited product of this type on the market > Seller lease back of entire 2nd floor > Ideal owner/user opportunity for SBA financing > Adequate on-site secured parking - 27 parking stalls total (4.19:1,000)

• One (1) handicap stall• Fourteen (14) on site stalls• Twelve (12) on site secured stalls

> Convenient Downtown location > Conventional office layout > Monument signage available > Zoned C-C (Commercial Center Zone) - City of Bakersfield > APN: 005-422-13 & 22 > Year Built 1993

SITE

SALE PRICE REDUCED!!$945,000.00 ($146/SF)$915,000.00 ($142/SF) Photo Courtesy of Costar.com

LEASE RATE$1.35/SF Modified Gross

CLICK HERE FOR A VIRTUAL TOURCLICK HERE FOR A VIRTUAL TOUR

7500 District Boulevard, Bakersfield, CA

FOR SALE OR LEASE - SALE PRICE REDUCED!!MULTI-TENANT PROFESSIONAL OFFICE BUILDING FLOOR PLAN - FIRST FLOOR

1200 21ST STREET, BAKERSFIELD, CA 93301

NOT TO SCALE

7500 District Boulevard, Bakersfield, CA

FOR SALE OR LEASE - SALE PRICE REDUCED!!MULTI-TENANT PROFESSIONAL OFFICE BUILDING FLOOR PLAN - SECOND FLOOR

1200 21ST STREET, BAKERSFIELD, CA 93301

NOT TO SCALE

7500 District Boulevard, Bakersfield, CA

FOR SALE OR LEASE - SALE PRICE REDUCED!! MULTI-TENANT PROFESSIONAL OFFICE BUILDING PROFORMA > LOAN INFORMATION 1200 21ST STREET, BAKERSFIELD, CA 93301

EXPENSES ADDRESS: 1200 21ST STREET BAKERSFIELD, CA MONTHLY MONTHLY/

PSF ANNUAL ANNUAL/PSF

INSURANCE: $153 $0.02 $1,841 $0.29LANDSCAPE $118 $0.02 $1,410 $0.22COMMON AREA ELECTRIC, WATER AND SEWER

$277 $0.04 $3,324 $0.52

TAXES (1.2% OF PURCHASE PRICE

$945 $0.15 $11,340 $1.76

PEST CONTROL $63 $0.01 $756 $0.12TRASH $146 $0.02 $1,752 $0.27TOTAL $1,701.50 $0.26 $20,423 $3.17

CONVENTIONAL LOANCONVENTIONAL LOAN - 35% DOWNOWNER’S HOLDING COSTPURCHASE PRICE: $915,000RENOVATION ($30/SF TO GROUND FLOOR): $100,000TOTAL INVESTMENT: $1,015,000INITIAL INVESTMENT (35%): $355,250MORTGAGE: $659,750ANNUAL DEBT SERVICE (4.5% AMORTIZED OVER 25 YEARS-SBA): $44,005ANNUAL EXPENSES: $20,423OWNERSHIP COSTS: $64,428GROSS RENT (2ND FLOOR): $32,130OWNER’S NET COST: $32,298OWNER’S SUITE (GROUND FLOOR): 3,284 SF$/SF COST-ANNUAL: $9.83$/SF COST-MONTHLY: $0.82

SUITE # TENANT NAME SF $/SFMONTHLY

RENTLEASE

EXPIRATION

2ND FLOOR PORTER & ASSOCIATES

3,150 $0.85 $2,677.50 2 YEARS

*

RENT ROLL

SBA LOAN SBA LOAN - 10% DOWNOWNER’S HOLDING COSTPURCHASE PRICE: $915,000RENOVATION ($30/SF TO GROUND FLOOR): $100,000TOTAL INVESTMENT: $1,015,000INITIAL INVESTMENT (10%): $101,500MORTGAGE: $913,500ANNUAL DEBT SERVICE (4.75% AMORTIZED OVER 25 YEARS - SBA): $60,930ANNUAL EXPENSES: $20,423OWNERSHIP COSTS: $81,353GROSS RENT (2ND FLOOR): $32,130OWNER’S NET COST: $49,223OWNER’S SUITE (GROUND FLOOR): 3,284 SF$/SF COST-ANNUAL: $14.99$/SF COST-MONTHLY: $1.25

* Expenses provided by Seller** Property Taxes Estimated on Purchase Price

COLLIERS INTERNATIONAL123 Anywhere Street, Suite#City, State Zipcode123 456 7890www.colliers.com

FOR SALE OR LEASE - SALE PRICE REDUCED!!MULTI-TENANT PROFESSIONAL OFFICE BUILDING AERIAL 1200 21ST STREET, BAKERSFIELD, CA 93301

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020 All rights reserved.

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