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.
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