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6800 District Boulevard

Johnhart Real Estate Represents Sale Of Office Property In Bakersfield For $2.65M
SOLDOffice

Johnhart Real Estate Represents Sale Of Office Property In Bakersfield For $2.65M

6800 District Boulevard

$2,650,000

$177/SF

Building Size

14,957 SF

Asset Type

Office

Closing

Jan 19, 2024

AI

The office property located at 6800 District Boulevard in Bakersfield has been sold. The transaction was facilitated by Syuzi Hakobyan of Johnhart Real Estate. The property features a total area of 14,957 square feet and was sold at a price of $2,650,000, which equates to a per square foot price of $177. The asking price for the property was $2,915,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,650,000
  • Address: 6800 District Boulevard
  • Market: Bakersfield
  • Broker: Syuzi Hakobyan - Johnhart Real Estate
  • Square Footage: 14,957
  • Price per Square Foot: $177

This successful transaction was made possible through the efforts of Syuzi Hakobyan, the broker from Johnhart Real Estate. The property's ideal location, combined with its spacious area, made it an attractive investment opportunity. Both the seller and buyer seized this opportunity, resulting in a mutually beneficial deal.

Players

Syuzi Hakobyan

JohnHart Real Estate

Broker

$23.3M

vol

12 deals

Broker

Bakersfield 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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93