Bakersfield, CA Commercial Real Estate

PROPERTY FEATURES: • 60,423SF • 2-Storey Building • Professionally Managed • Professional Medical Office Building • Surrounded by other Professional Medical Office Buildings • River Walk Bike Path runs through the back end of the property • Elevator Served RIVERWALK MEDICAL PLAZA is a two-story Class “A” medical plaza building located in Bakersfield, CA. The property is a brick and clad metal visually attractive design with great street visibility and access to the new West Side Parkway and the Kern River Bike Path. Major tenants in the building include Dignity Health, Children’s Hospital of LA (CHOLA), and Quest Diagnostics.

Class A Multi-tenant facility in the heart of the Central Bakersfield District.

Colliers International is pleased to present the opportunity to acquire the 100% occupied multi-tenant investment offering located at 5800 District Boulevard, Bakersfield, CA.​ 5800 District is a 24,990 square feet single story office/medical building situation on 2.16 acres.​ 67% of the building is subject to a triple net lease.​  The asset features 3 suites occupied by excellent credit tenants who have occupied the building since 2009.​ Each tenant has “skin in the game” and invested significant capital in the design and buildout of each site.​ Suite 100 (6,595 SF) is occupied by the State of California Occupational Licensing (OL) branch of the California Department of Motor Vehicles.​ The OL division is responsible for licensing and monitoring a wide range of motor vehicle related businesses and individuals.​ California’s automotive industry is one of the largest in the United States with more than 31 million vehicles with more than 24 million licensed drivers on the road in California.​ The sale and use of automobiles in California has resulted in widely diversified industries that address the various needs of California drivers, including vehicle manufacturing and sales, driver training, vehicle registration, and more.​ To protect consumers, the California DMV OL branch is responsible for regulating these industries.​ Suite 200 (16,800 SF), is occupied by Option Care Health ( OPCH:NASDAQ) and represents 67% of the building subject to a triple net lease.​ The suite was originally leased to Walgreen Co.​, and was later assigned to OPCH.​ Walgreen remains financially responsible and shall not be released from any financial liability and/or obligations.​  OPCH renewed its lease for new 5-year term beginning April 1, 2021.​ Option Care Health is the nation’s largest independent provider of home and alternate site infusion services.​ With over 5,000 teammates, including approximately 2,900 clinicians, OPCH works compassionately to elevate standards of care for patients with acute and chronic conditions in all 50 states.​ Through its clinical leadership, expertise and national scale, Option Care Health is reimagining the infusion care experience for patients, customers, and teammates.​   Suite 300 (1,595 SF) is occupied by the State of California Department of Consumer Affairs - Contractors State Licensing Board (CSLB).​ The CSLB was established in 1929 and directs policies, licenses, investigates fraud, and regulates contractors.​ There are more than 300,000 licensed contractors in the state of California.​ CSLB also registers home improvement salespersons.​   100% Occupancy with long term occupancy history Financially Strong Tenants ​7.39% CAP Rate Proforma Year 1 Yield - 10.8% (Base on Loan Quote: 65% LTV @ 3.75%, 30-year amortization Excellent Returns Annual Income Increases ​Long Term Occupancy ​Excellent Submarket Occupancy Below Replacement Cost Specialty Interior Improvements

10010 Rosedale Highway is located in Northwest Bakersfield, behind the bulk yard and tractor supply, near Calloway Drive. Easy access to Highway 99 north and south route and Highway 178 east and west route. Project is an approximate 16,800 sf multi-tenant office/ warehouse building Two (2) 12’ x 14’ roll-up doors Property is fully fenced with an electronic gate & keypad Great northwest location off of Rosedale Hwy, behind The Bulk Yard

7021 Schirra Court is located in the Stockdale Industrial Park near strong nationally known neighbors including: Dryer’s, General Mills, Home Depot, Men’s Warehouse, George Fischer Harvel, LLC., and U.S. Cold Storage. Convenient access to Highway 99, Highway 58 and Interstate 5. Suites B & C can be combined for a total of 58,513 sf Located in the Stockdale Industrial Park Zoned M-2, City of Bakersfield Clear Height: 26’ - 28’ Doors: 8’ x 10’ dock high loading doors and 11’ x 9’ roll-up doors with fork lift ramp Rail: San Joaquin Valley Railroad Sprinkler: .58 GMP/2,000 sf

11109 River Run is a two-story 24,942 rentable square foot, Class A, office building located at the Southeast corner of Stockdale Highway and Buena Vista Drive. Located across from Castle & Cooke’s recently completed Shops at River Walk, River Walk Park and Spectrum Amphitheater Near restaurant’s such as BJ’s Brewery, P.F. Chang’s, Califiornia Pizza Kitchen, La Costa and Panera Bread, to name a few Approximately 4.5 miles west of Freeway 99 in the new River Walk Corporate Center High quality common area office finishes including, limestone and ceramic tile flooring, solid core doors, acoustical and hard ceilings with recessed fluorescent and incandescent lighting. Mahogany paneling at the elevator entry wall and wrapping the center staircase at the first and second floor Monument signage available

3701 Pegasus Drive is located in Northwest Bakersfield off of Merle Haggard Drive conveniently close to the Meadows Field Airport with easy access to Freeway 65 and Highway 99. Recent building upgrades include: new exterior paint, landscaping, covered parking structure, restrooms, common area and parking lot Concrete tilt construction Suites are individually metered for utilities Monument signage and building signage available Property is close to Meadows Field Airport Easy access to Freeway 99 and Highway 65 Property is zoned M2-PD

Infill site in Northwest Bakersfield in a densly populated trade area.

Well positioned parcel in great national co-tenancy.

86,010 SF neighborhood shopping center. Situated in the heart of Bakersfield’s most prestigious master-planned residential and commercial community. Primary trade area surrounding the shopping center features a median household income exceeding $150,000 per year and single family residences approaching $4,000,000.

Build-to-suit opportunities of 5,000 - 20,000 SF available for general and medical office, or retail.

Over-standard surface parking for tenant use. Prominent monument signage available. Suite 202 can accommodate medical or general office uses.

Located just west of The Marketplace and just south ofCalifornia State University, Bakersfield.

Located near Memorial Hospital. On-site parking. Stand alone office building.

Fully improved office building. North Bakersfield location. Substantial parking which includes a secured, fenced parking area.

Monument signage. EMS System for controlled and efficient HVAC utilization. Coffee house/sandwich shop on the first floor. Professionally managed and maintained.

Convenient Downtown location on 17th Street between N and O Streets. Located in close proximity to the courthouse, Rabobank Arena and other government facilities. Some on-site parking in addition to street parking.

Fully improved space. Professionally maintained and managed by M.D. Atkinson Co., Inc.

Abundant parking directly adjacent to suites - covered parking available as well.

Great rental rate value for the highly desired Southwest Bakersfield Submarket.

Highly Visible Monument Signage Available. Professionally Managed and Maintained – Property Manager On-Site. Elevator Served.

Stand-alone office building located southwest of downtown Bakersfield. On-site parking. Fully improved and occupancy ready with a mix of private office and open office area.

Just off of the California Avenue and Stockdale Highway intersection, which is one of the City’s most heavily trafficked intersections.

Excluding utilities & janitorial services. Tenant improvements negotiable.

Project location allows for easy access to Rosedale Highway and the Westside Parkway.

Upgraded interior improvements throughout. New elevator installed 2017. Private restroom in suite.

Convenient access to freeways - Less than 1.5 miles to Highway 99 and less than 1 mile to the Westside Parkway. Professionally managed and maintained by Premier Management Company.

Abundant parking - a unique feature for the downtown area.

2 parcels with significant fenced and paved parking/yard area with three gates. Almost a half city block. Adjacent to new residential and future redevelopment projects. In close proximity to the Maya Cinemas Theater and Mechanics Bank Arena. Convenient access to all areas of Bakersfield - Highway 99 via California Avenue, Highways 58 and 178 via Union Avenue, and the Westside Parkway via Truxtun Avenue.

Building available for sale with a partial lease-back or two suites available for lease.

Convenient southwest Bakersfield location with easty access to Highways 99 and 58. Interior and exterior of the building remodeled from 2016 through 2018. On-site parking. Prominent building signage available.

Across street from Memorial Hospital. Located in close proximity to Highway 178 & Golden State. Easterly portion of 97,000 SF building.

Located one block south of the Federal Courthouse. Older remodeled building with unique character. Improvements are a mix of open office and private office.

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. Convenient Downtown location Conventional office layout Monument signage available Limited product of this type on the market Seller lease back of entire 2nd floor Ideal owner/user opportunity for SBA financing

Centrally located just off of Truxtun Avenue in the heart of Downtown Bakersfield.

Monument signage available. Ample parking available. Existing furniture can be utilized subject to negotiation.

3 Private Offices, large break room, large reception area. New paint and carpet - Ready to Occupy. Heart of Downtown Bakersfield.

Recently remodeled interior and exterior with fresh, modern design. Large, well-lit monument sign on Truxtun Avenue. Private garage/storage in the rear with alley access.

Building 3 units can have storefront windows to replace the roll-up doors in the rear.

Northwest Bakersfield is one of the fastest growing areas of Bakersfield with substantial residential and retail development. Professional and Administrative Office (C-O) in the City of Bakersfield in combination with a Planned Commercial Development (PCD) overlay. (All common areas) The complex includes 398 parking stalls shared by users and occupants of the project which equates to a ratio of 6.24/1,000 GLA shared, well above the ratios required for medical or general office uses by the City of Bakersfield.

Abundance of covered and reserved parking along with subterranean parking.

Neighboring tenant is Mechanics Bank which includes a drive-thru. Monument signage available. On-site parking.

Monument signage available. Ground floor space.