Frank Komin Purchases Tehachapi Veterinary Hospital From Steve Anderson For $2.74M
20693 Woodford Tehachapi Road
$2,744,150
$292/SF
Building Size
9,370 SF
Asset Type
Office
Closing
Jun 12, 2025
AI
The property asset involved in this transaction is a veterinary hospital located at 20693 Woodford-Tehachapi Road in Kern County. The sale was completed for a total transaction amount of $2,744,150. The property consists of a total square footage of 9,370, which translates to a price per square foot of $292.
Summary of transaction details:
- Property Type: Veterinary Hospital
- Transaction Amount: $2,744,150
- Square Footage: 9,370
- Price per Square Foot: $292
- Buyer: Frank Komin
- Seller: Steve Anderson
- Broker: Daniel Solomon - Kidder Mathews
- Date of Transaction: 6/12/2025
Both the seller, Steve Anderson, and the buyer, Frank Komin, were exclusively represented by Daniel Solomon, who leads the Healthcare Real Estate Group at Kidder Mathews’ Century City office. The investment included a lease with a corporate guaranty from Thrive Pet Healthcare, a large operator of veterinary hospitals in the United States, which supports over 380 practices nationwide.
Players
Tehachapi Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.78%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93