FOR SALE: ACRE COMMERCIAL SHOPPING CENTER SITE

Transcription

1 HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, ALLEN RD. SHOPPING CENTER SITE CRAIG A. HUMMEL BROKER/APPRAISER LICENSE # P F ca@hummelandassociates.com CRAIG J. HUMMEL COLDWELL BANKER COMMERCIAL AGENT Preferred LICENSE # Coffee Rd #1. P BAKERSFIELD CA, F cj@hummelandassociates.com All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies. ASKING PRICE: $5,780,000 ($10 PER SQ.FT.) PROPERTY DESCRIPTION: Shopping Center site in the city of Bakersfield Zoned M-1 Commercial/Industrial acre site consisting of 2 lots acres and 8.51 acres. Sewer and power to the site. Water is available. Will serve letter for water and sewer. Located on the Southeast corner of the new Hageman and Allen underpass. +/- 2,000 linear feet of frontage along Hageman and Allen Roads. Hageman Rd was widened for 6 full lanes Excellent visibility. Adjacent to 230 unit apartment complex under development directly south.

2 All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies. FOR SALE: ACRE COMMERCIAL SHOPPING CENTER SITE HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, VICINITY MAP TRAFFIC COUNT: Hageman Rd - +/-14,261 AADT Allen Rd - +/-23,063 AADT Santa Fe Way -+/-17,178 AADT Total +/-54,300 AADT Per City of Bakersfield

3 HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, #1 #2 PROPERTY DESCRIPTION: This property consists of 2 parcels, sold together, totaling acres and planned for a Shopping Center site. Parcels #1 and #2 have been annexed into the City of Bakersfield. The property has will serve letters for water and sewer. There is an air study, preliminary site plan, and recent survey available for review. Parcel #1 APN# Parcel #2 APN#

4 BAKERSFIELD REGIONAL MARKET Metro: Economy: The Bakersfield metro encompasses all of Kern County in the southern portion of the San Joaquin Valley in California and contains a population of more than 865,000 people. Bakersfield is the most populated city in the County with 357,200 residents in the city limits, followed by Delano and Ridgecrest. The Bakersfield Metro s main industries are oil, natural gas, and agriculture. Kern County is one of the most oil productive counties in the nation and produces 66% of California s crude oil. Elk Hills field is the state s top natural gas producer. Bakersfield is also part of the agriculturally intensive San Joaquin Valley, and agriculture still constitutes a major portion of the local economic base. Other industries include mining, petroleum refining, manufacturing, food processing, distribution, and aerospace. In addition, many of the companies in these industries are headquartered in the area. The area s business friendly policies, such as no local inventory or utility taxes, and Bakersfield s minimum sales tax are helping to attract companies to establish offices in the region. Bakersfield boasts a low historical vacancy rate. Bakersfield contains over 12 million square feet of retail, with an overall vacancy level of 10.1% Demographics: The population has grown by almost 31% since 2000, although it is now expected to slow to 1.4% growth annually through This equates to nearly 60,400 new residents in the coming five years. Over the next five years, the rise in the median income is forecast to remain level with the rise in Bakersfield s median home price. Low Property Tax: Bakersfield s property tax rate averages $12.11 per $1,000 of the assessed value. The national average is $15.50 per $1,000 of value. Developers are attracted to this lower operating cost when evaluating new developments. Pro Business Government: Businesses in Bakersfield are not subject to local utility or inventory taxes. Additionally, area business can take advantage of hiring tax credits, ($31,554 per employee), sales tax credits and expense deduction, among other benefits. Many new companies to the area have praised the input and support provided by the City of Bakersfield while the companies were moving to the area and expanding. All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies.

5 WHY YOU SHOULD BUILD YOUR BUSINESS IN BAKERSIFELD Ranked No. 1 large metro for Real GDP (Gross Domestic Product) growth in the nation. U.S. Bureau of Labor and Statistics 2011 Ranked Top 20 strongest metro for recovery from recession in the nation. The Brookings Institution 2011 Ranked Top 3 large metro for job growth in the state. U.S. Bureau of Labor and Statistics 2011 Ranked Top 2 County on its way to economic recovery in the state. Southern California Assoc. of Governments 2011 Top large metro for annual economic growth rate in the nation. - HIS Global Insights 2012 Ranked Top 3 major county for growth of average compensation per job in the state. At a 23% increase. U.S. Bureau of Labor and Statistics 2011 Kern County ranks 9 th among America s Engineering Capitals. Forbes 2013 Kern County rated as the 7 th most improved metro economy over the past 6 months. On Numbers 2013 Bakersfield, Ca s two quarter forecast of 5.2%$ puts this metro in the lead for short term anticipated gains out of the top 50 metros. Bakersfield moved from 29 in March s forecast to the first position in June. This leap is an example of fundamentals driving the overall Recovery. Ohio Business Journal 2013 Ranked Top 2 county for rate of wage growth in the state. Bizjournals.com- U.S. Bureau of Labor and Statistics 2011 All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies.

6 HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, Allen Rd. #3 Noriega Rd. Hageman Rd VICINITY MAP Calloway Dr. LOCATION DESCRIPTION: Located in Northwest Bakersfield, Kern County, California, this acre site consists of two parcels. The closest retail center is approximately 1 ¼ miles to the East. Strategically located at the multiple intersection of Hageman Rd, Allen Rd, and Central Valley Highway. This site overlooks the newly constructed underpasses of Hageman and Allen. Hageman Rd. is a major east/west artery that is proposed to connect to Highway 204 in the largest transition artery in the Northwest. Central Valley Highway is a major arterial route from Bakersfield to the nearby city of Shafter. All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies.

7 HAGEMAN RD FLYOVER TO HWY 204 #2 #3 PROJECT DESCRIPTION: The Hageman Rd. Flyover project will connect Hageman Rd. with Hwy 204 (Golden State Ave) Project is funded by the Thomas Roads Improvement Program. Construction is expected to start in All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies.

8 ACTIVE PLANNED HOUSING TRACK MAPS IN NORTHWEST BAKERSFIELD TRACK # SUBDIVIDER LOTS ACREAGE STATUS T6364R ADAVCO INC ACTIVE/RECORDED T6377 BRIAN RICE CONSTRUCTION INC ACTIVE T6419 ADAVCO INC ACTIVE/RECORDED T6612R FIDELITY REAL ESTATE GROUP ACTIVE T6766 ADAVCO INC ACTIVE T6858 ADAVCO INC ACTIVE T6861 ADAVCO INC ACTIVE T6950 GARDINER FAMILY LLC 63 1,650.4 ACTIVE T6968 STOCKBRIDGE CAPITAL GROUP ACTIVE T7039 KEVIN PASCOE ACTIVE T7093 KING & GARDINER FARMS LLC ACTIVE T7186 KING & GARDINER FARMS LLC ACTIVE T7198 M&S LAND COMPANY ACTIVE T7217 WESTERN PROPERTIES ACTIVE T7218 WESTERN PROPERTIES ACTIVE T7219 WESTERN PROPERTIES ACTIVE #2 T7233 BLACK OPS REAL ESTATE ACTIVE T7235 KERN LAND PARTNERS LLC ACTIVE T7238 URBAN LAND ADVISORS LLC ACTIVE T7251 URBAN LAND ADVISORS LLC ACTIVE #3 T7252 URBAN LAND ADVISORS LLC ACTIVE T7264 STOCKBRIDGE CAPITAL GROUP ACTIVE T7115 GOSSAMER GROVE ACTIVE T7244 HERITAGE RANCH ACTIVE 7 TH STD. RD. INVESTORS LLC 5, ACTIVE TOTAL 13,367 LOTS 5, ACRES All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies.

9 All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies. FOR SALE: ACRE COMMERCIAL SHOPPING CENTER SITE NW BAKERSFIELD DEMOGRAPHICS

10 All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies. FOR SALE: ACRE COMMERCIAL SHOPPING CENTER SITE NW BAKERSIFELD CONSUMER SPENDING

11 HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, NW BAKERSFIELD POPULATION All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies.

12 HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, PRELIMINARY SITE PLAN All information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice.

13 CURRENT SURVEY CURRENT SURVEY

14 HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, OVERVIEW OF HAGEMAN & ALLEN UNDERPASS Contact Us CRAIG A. HUMMEL BROKER/APPRAISER LICENSE # P F ca@hummelandassociates.com CRAIG J. HUMMEL AGENT LICENSE # P F cj@hummelandassociates.com