University Square, 2000 K Street, Bakersfield, CA

Acquisition Summary
Ownership Interest 100%
Purchase Price (million) US$21.0


Property Statistics
Property Type Office
NLA (sf) 68,325
Occupancy 100.0%
Current Rent (psf pa) US$24.02
Mark Rent (psf pa) US$22.20
WALT (by income) 9.0 years
Class A
Completion Date 2001

Valuation Summary
Valuation (million) US$21.3
Cap Rate 7.50%
Valuer CBRE
 


Major Tenant Profile
Tenant Square Feet % by Area Lease Maturity Years Remaining
Kern County Superintendent of Schools 68,325 100% Jul 2016 9.0