Chevron’s 99,368 SF University Centre building at 9525 Camino Media sold for $15.7 million, the clearest local example of Bakersfield office space moving from oil to health care.
The Clinica Sierra Vista Chevron building sale closed in December 2025, when Clinica Sierra Vista paid $15.7 million for Chevron’s 99,368-square-foot University Centre office building at 9525 Camino Media in southwest Bakersfield, Kern County, California. The two-story, solar-equipped building, built in 2002, became the nonprofit health center’s first owned corporate headquarters on April 1, 2026. Clinica plans to launch a PACE senior-care program in 2027.
Key takeaways
- Clinica Sierra Vista paid $15.7 million, about $158 per square foot, for Chevron’s 99,368 SF building at 9525 Camino Media. The sale closed in December 2025.
- At about $158 per square foot, the price ran roughly 10% above the $144 average Bakersfield office sale price regional brokerage reports showed for Q2 2026.
- Clinica moved its corporate headquarters from Suite 400 of downtown’s Truxtun Tower to 9525 Camino Media on April 1, 2026. It is the organization’s first owned corporate office.
- It was Chevron’s second University Centre sale in about a year, after the vacant 72,000 SF building at 9500 Ming Ave sold for $9.7 million in December 2024.
- Clinica reports 159,540 patients and 763,631 visits a year, and it plans to start a PACE program for adults 55 and older in 2027.
Deal at a glance
| Item | Detail |
|---|---|
| Property | University Centre office building (former Chevron Bakersfield office) |
| Address | 9525 Camino Media, Bakersfield, CA 93311 |
| Property type | Office, converting to health-care headquarters and related uses |
| Building | 99,368 SF, two stories, built 2002, solar |
| Buyer | Clinica Sierra Vista (nonprofit Federally Qualified Health Center) |
| Seller | Chevron |
| Price | $15.7 million (about $158/SF) |
| Closed | December 2025 |
| Planned use | Clinica corporate headquarters since April 1, 2026; CoStar reports plans for clinic, patient-care and PACE uses |
What sold in the Clinica Sierra Vista Chevron building deal?
Chevron sold its 99,368-square-foot office building in University Centre, the office park along Ming Avenue and Camino Media in southwest Bakersfield, to Clinica Sierra Vista for $15.7 million. The sale closed in December 2025. CoStar News named it a 2026 CoStar Impact Award winner in March 2026.
Clinica confirmed the address in a March 23, 2026 release: its corporate headquarters moved to 9525 Camino Media effective April 1, 2026, and the release calls the building its first owned corporate office. The Bakersfield Californian covered the purchase on March 24, 2026 under the headline “Clinica buys $15.7M headquarters building in SW Bakersfield.”
The price works out to about $158 per square foot. For a two-story, 2002-built building that came with solar and, per CoStar, its existing cubicles, desks and conference areas, that is a low basis compared with the cost of building new medical or office space today.
What is 9525 Camino Media, and what is University Centre?
The building was the core of what Chevron called its Bakersfield Energy Center. In October 2022, Chevron told The Bakersfield Californian it wanted to sell some of the property it owned at the center and move all remaining workers into one building. At the time, more than 400 employees reported to the site daily and Chevron had more than 800 employees in Kern County, according to an excerpt of that story.
The neighborhood has deep oil roots. Chevron’s three-story, 72,000 SF building at 9500 Ming Ave sold vacant in December 2024, as the Californian’s January 2025 report described. Its twin building to the west is occupied by California Resources Corp., and the former Aera Energy headquarters, which CRC acquired, sits farther west. Our article on the 9500 Ming Ave sale has the details.
CoStar’s award write-up noted that office buildings this large rarely come to market in Bakersfield. A 99,368 SF building lets one buyer put headquarters staff, training and patient-facing services under one roof, which a growing health system cannot easily assemble from smaller suites.
Who is Clinica Sierra Vista, and why buy an office building?
Clinica Sierra Vista is a nonprofit Federally Qualified Health Center founded in 1971 to serve migrant farmworkers in Kern County, according to its About page. It now serves Kern and Fresno counties. Its March 2026 release reports 159,540 patients and 763,631 visits a year, plus 28 community health centers, nine dental locations and 24 behavioral health sites.
Before the move, Clinica’s headquarters was in Suite 400 at 1430 Truxtun Ave., the downtown Truxtun Tower that the City of Bakersfield has since bought. Buying replaced a lease with ownership and pulled administrative, executive and operational leadership into one building. CEO Dr. Olga Meave said in the release: “Clinica Sierra Vista has never been stronger, and this new corporate office is proof of that.”
The organization is still adding sites. On Aug. 3, 2026 it opened Stockdale Behavioral Health Services at 5121 Stockdale Highway, and in September it announced that its East Bakersfield Community Health Center was open. An owned headquarters gives a growing operator a stable base while clinic sites change around it.
What could PACE mean for the building?
Clinica says it will launch a PACE program in 2027. PACE, the Program of All-Inclusive Care for the Elderly, serves people 55 and older who need nursing-home-level care but can live safely at home. Medicare says most services are delivered at a PACE center that works like an adult day health center.
CoStar reports that Clinica plans to use the building to consolidate clinic and patient-care operations and to develop PACE. Clinica’s release does not say where the PACE center will be. A PACE center typically needs day-room space, clinic rooms, therapy areas, a kitchen and van loading, which a large single-owner floor plate can absorb more easily than a strip-center suite.
Why did Chevron sell its Bakersfield office buildings?
Chevron has been shrinking its Bakersfield office footprint for several years. The 2022 consolidation into a single building at Camino Media came first. In August 2024, the company announced it would move its corporate headquarters from San Ramon to Houston, the Californian noted in January 2025.
In December 2024, Chevron sold the vacant 9500 Ming Ave building for $9.7 million to Capitol Reef Properties. A year later, it sold 9525 Camino Media to Clinica. CoStar describes the sale as following Chevron’s decision to vacate the building amid downsizing in the area.
For a seller in Chevron’s position, a sale to an owner-user is often the cleanest exit. A health care buyer that wants the whole building avoids the long lease-up a multi-tenant investor would face, and including the furniture saves the seller the cost of removing it.
How does an office-to-medical conversion work?
Office-to-medical is one of the more practical re-uses for surplus office space. California’s building code generally places outpatient clinics in the same business occupancy group as offices, so the shell, exits and structure often work as they are. Patient-care areas are where the money goes: exam rooms with sinks, more plumbing and upgraded HVAC. Licensed clinic space can also trigger additional state design standards, depending on how the space is licensed.
Parking is the other test. Medical users need more spaces per 1,000 square feet than typical office tenants because patients come and go all day. Suburban office parks with large surface lots generally handle that better than downtown buildings that rely on structured or street parking.
The buyer’s math also differs from an investor’s. An owner-user like Clinica values the building by what it replaces: years of rent, the cost of building new and the operating savings from solar and consolidation. An investor values it by the rent it can collect. That gap helps explain why Clinica paid about $23 more per square foot than the investor that bought the vacant 9500 Ming Ave building a year earlier, though the buildings, timing and included furniture differ. For more on that decision, see our owner-user playbook.
Recent Bakersfield office sales with public prices
| Property | Size | Price | Price/SF | Timing | Buyer |
|---|---|---|---|---|---|
| 9525 Camino Media (University Centre) | 99,368 SF | $15.7M | about $158 | Closed Dec. 2025 | Clinica Sierra Vista (owner-user) |
| 9500 Ming Ave (University Centre) | 72,000 SF | $9.7M | about $135 | Closed Dec. 2024 | Capitol Reef Properties (investor) |
| Mohawk Office Center (two buildings) | 26,625 SF | $4.7M | about $177 | Reported Oct. 2025 | VSI, LLC and Truxtun Holdings, LLC |
| 2019 Westwind Dr | 9,910 SF | $1.8M | $181.63 | Q2 2026 | Not named in report |
| Bakersfield office average (regional brokerage report) | n/a | n/a | $144 | Q2 2026 | n/a |
Sources: CoStar News (March 25, 2026); The Bakersfield Californian via Yahoo (Jan. 3, 2025); The Business Journal (Oct. 9, 2025); a regional brokerage’s Q2 2026 Bakersfield Office Market Overview. Kern CRE calculated price per SF for the first three rows. The brokerage average is a Q2 2026 figure, so it is a rough yardstick for the earlier sales.
What does the sale mean for the Bakersfield office market?
Bakersfield’s office market is soft but not in crisis. Regional brokerage data showed 10.50% vacancy in Q2 2026, up from 10.00% in Q1 and 10.20% a year earlier, with negative 28,363 SF of net absorption over 12 months and only 12,730 SF under construction. The average office sale price was $144 per square foot and the average asking rent was $25.83 per square foot per year, triple net. Nationally, a national brokerage report put office vacancy at 20.1%.
Southwest Bakersfield carried more of the pain. The Californian reported in January 2025 that the area’s office vacancy had topped 33% a year earlier, though the story did not name its data source. The vacant former State Farm complex nearby was among the contributors. Clinica’s purchase put one of the area’s largest office buildings back to work with a single owner-occupant.
Read together, the three office sales in this series tell a consistent story. Chevron’s 9500 Ming Ave sale set a low benchmark for vacant southwest office in December 2024. Clinica’s purchase shows an owner-user will pay more for a large, well-kept building it can occupy. The $4.7 million Mohawk Office Center sale shows local investors paying close to $177 per square foot for smaller, fully leased office near the Westchester and Truxtun corridor. For another southwest corridor project, see the Bakersfield Temple on Stockdale Highway.
What happens next at 9525 Camino Media?
Clinica’s corporate office has operated at 9525 Camino Media since April 1, 2026. The next milestone is the PACE launch Clinica has set for 2027. City of Bakersfield building permits for tenant improvements and state PACE approvals would be the first public signs of a center location.
Nearby, Capitol Reef Properties bought the former Chevron building at 9500 Ming Ave planning to lease it to medical or office tenants. Downtown, the tower Clinica left now belongs to the City of Bakersfield. Each move shows Bakersfield office space being re-used by health care and public users as oil-company office demand fades.
Frequently asked questions
Who bought Chevron’s University Centre building in Bakersfield?
Clinica Sierra Vista, a nonprofit Federally Qualified Health Center founded in 1971, bought the 99,368-square-foot office building at 9525 Camino Media in southwest Bakersfield. CoStar News reported the $15.7 million price, about $158 per square foot, and the sale closed in December 2025. Clinica moved its corporate headquarters in on April 1, 2026.
How much did Clinica Sierra Vista pay for the former Chevron building?
The price was $15.7 million for the two-story building, or about $158 per square foot. That is roughly 10% above the $144 per square foot average Bakersfield office sale price regional brokerage reports showed for Q2 2026. CoStar reported that existing cubicles, desks and conference areas were included.
Where is Clinica Sierra Vista’s new headquarters?
At 9525 Camino Media, Bakersfield, CA 93311, in the University Centre office area of southwest Bakersfield. The move took effect April 1, 2026. Before that, the organization leased Suite 400 at 1430 Truxtun Ave., the downtown tower the City of Bakersfield later bought.
Will the former Chevron building have a PACE center?
Clinica says it will launch a PACE program in 2027, but its own release does not name a location. CoStar News reported that Clinica plans to develop PACE and consolidate clinic and patient-care operations in the building. PACE serves people 55 and older who need nursing-home-level care.
Why did Chevron sell its Bakersfield office buildings?
Chevron has been consolidating its Bakersfield offices since at least 2022, when it said it would sell part of its Bakersfield Energy Center property and move remaining workers into one building. It sold the vacant 9500 Ming Ave building in December 2024 and the Camino Media building in December 2025. In 2024 it also announced a headquarters move to Houston.
What is the Bakersfield office vacancy rate?
Regional brokerage data put it at 10.50% in the second quarter of 2026, up from 10.00% in the first quarter and 10.20% a year earlier. Net absorption was negative 28,363 square feet over 12 months. A national brokerage report put U.S. office vacancy at 20.1%.
Weighing a sale, purchase or lease of office or medical space in Bakersfield? Call Kern CRE at 855-KERN-CRE (855-537-6273) or contact us for a confidential conversation. Get Kern County CRE news monthly: subscribe to the Kern CRE report.
Sources
- A new line of business for an office building in a changing community, CoStar News, March 25, 2026.
- Clinica Sierra Vista Relocates Corporate Headquarters to 9525 Camino Media, Bakersfield, Effective April 1, 2026, Clinica Sierra Vista, March 23, 2026.
- About Us, Clinica Sierra Vista.
- Clinica Sierra Vista Expands Mental Health Access With New “Stockdale Behavioral Health Services” Location, Clinica Sierra Vista, Aug. 17, 2026.
- East Bakersfield Community Health Center Is Open, Clinica Sierra Vista, Sept. 23, 2026.
- Clinica buys $15.7M headquarters building in SW Bakersfield, The Bakersfield Californian, March 24, 2026.
- Chevron plans sale of Bakersfield office space amid local consolidation, California Political Review (excerpt of The Bakersfield Californian), Oct. 12, 2022.
- Sale of former Chevron building reflects tough office market, shrinking oil footprint, The Bakersfield Californian via Yahoo Finance, Jan. 3, 2025.
- PACE, Medicare.gov.
- Q2 2026 Bakersfield, CA Office Market Overview, Lee & Associates, July 2026.
- Cushman & Wakefield arranges $4.7M sale of fully leased Bakersfield office buildings, The Business Journal, Oct. 9, 2025.
- U.S. Office MarketBeat Q2 2026, Cushman & Wakefield, July 2026.
About this article
Kern CRE prepared this article with help from AI research and writing tools. An editor reviewed the draft, checked its facts against the sources linked above and edited it for accuracy and clarity. Details come from public records and the sources cited; unless stated, Kern CRE and ASU Commercial were not involved in the transaction or project.