Cushman & Wakefield’s Healthcare Capital Markets team is pleased to present the opportunity to acquire a Rio Bravo Point—a premier Class A medical outpatient facility totaling 66,139 square feet located at 4500 Morning Drive in Bakersfield, California.
Completed in 2015 on a 4.48-acre site, the property is currently 79% leased to a curated mix of four synergistic healthcare providers, all operating under triple-net (NNN) leases with a weighted average remaining lease term of 4.3 years. The tenant roster is anchored by RadNet Management, Inc. (31% of GLA) and Bakersfield Specialist Surgical Center ASC (25% of GLA)—both of which have made substantial capital investments in tenant improvements. These high-acuity improvements create a significant replacement cost barrier, reinforcing tenant retention and enhancing renewal prospects.