Embed Size (px)
Citation preview
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
CRAIG A. HUMMELBROKER/APPRAISERLICENSE # 01108671P 661-444-1602F [email protected]
HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, 93312
CRAIG J. HUMMELAGENTLICENSE # 01849544P 661-444-1602F [email protected]
PROPERTY DESCRIPTION:• Shopping Center site in the city of Bakersfield• Zoned M-1 Commercial/Industrial.• 13.27 acre site consisting of 2 lots- 4.76 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.
COLDWELL BANKER COMMERCIALPreferred3820 Coffee Rd #1.BAKERSFIELD CA, 93308
www.HummelAndAssociates.com
SHOPPING CENTER SITE
ASKING PRICE:$5,780,000 ($10 PER SQ.FT.)
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.
ALLEN
RD
.
VICINITY MAP
www.HummelAndAssociates.com
TRAFFIC COUNT:Hageman Rd - +/-14,261 AADTAllen Rd - +/-23,063 AADTSanta Fe Way -+/-17,178 AADT------------------------------------------Total +/-54,300 AADTPer City of Bakersfield
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.
HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, 93312
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
PROPERTY DESCRIPTION:This property consists of 2 parcels, sold together, totaling 13.27 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# 527-020-24
Parcel #2 APN# 527-010-33
#1#2
HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, 93312
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
BAKERSFIELD REGIONAL MARKET
www.HummelAndAssociates.comAll 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.
Metro: 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.
Economy: 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 2018. 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 PropertyTax: 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 BusinessGovernment: Businesses in Bakersfield are not subject to local utility or inventory taxes. Additionally, area business can take advantage of
hiring tax credits, ($31,554 per employee), sales tax credits and expense deduction, among other benefits. Many new companies to the area have praised the input and support provided by the City of Bakersfield while the companies were moving to the area and expanding.
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
WHY YOU SHOULD BUILD YOUR BUSINESS IN BAKERSIFELD
www.HummelAndAssociates.comAll information, projections, and representations show herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Coldwell Banker Commercial, Preferred or its agents and are subject to change without notice. References to square footage or age are approximate. Buyer must verify the information and bears all risk of any inaccuracies.
Ranked No. 1 large metro for Real GDP (Gross Domestic Product) growth in the nation. – U.S. Bureau of Labor and Statistics 2011
Ranked Top 20 strongest metro for recovery from recession in the nation. – The Brookings Institution 2011
Ranked Top 3 large metro for job growth in the state. – U.S. Bureau of Labor and Statistics 2011
Ranked Top 2 County on its way to economic recovery in the state. – Southern California Assoc. of Governments 2011
Top large metro for annual economic growth rate in the nation. - HIS Global Insights 2012
Ranked Top 3 major county for growth of average compensation per job in the state. At a 23% increase. – U.S. Bureau of Labor and Statistics 2011
Kern County ranks 9th among “America’s Engineering Capitals”. – Forbes 2013
Kern County rated as the 7th most improved metro economy over the past 6 months. – On Numbers 2013
Bakersfield, Ca’s two quarter forecast of 5.2%$ 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
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
www.HummelAndAssociates.com
VICINITY MAP
#3
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.
LOCATION DESCRIPTION:Located in Northwest Bakersfield, Kern County, California, this 13.27 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.
Hageman Rd
Allen
Rd
.
Noriega Rd.
Callo
way D
r.
HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, 93312
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
HAGEMAN RD FLYOVER TO HWY 204
www.HummelAndAssociates.com
#2
#3
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.
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 2017.
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
ACTIVE PLANNED HOUSING TRACK MAPS IN NORTHWEST BAKERSFIELD
#2
#3
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.
TRACK # SUBDIVIDER LOTS ACREAGE STATUST6364R ADAVCO INC 302 98.28 ACTIVE/RECORDEDT6377 BRIAN RICE CONSTRUCTION INC 203 101.81 ACTIVET6419 ADAVCO INC 229 59.98 ACTIVE/RECORDEDT6612R FIDELITY REAL ESTATE GROUP 1 19.71 ACTIVET6766 ADAVCO INC 320 81.13 ACTIVET6858 ADAVCO INC 86 20.08 ACTIVET6861 ADAVCO INC 78 18.72 ACTIVET6950 GARDINER FAMILY LLC 63 1,650.4 ACTIVET6968 STOCKBRIDGE CAPITAL GROUP 372 100.03 ACTIVET7039 KEVIN PASCOE 121 40.05 ACTIVET7093 KING & GARDINER FARMS LLC 294 110.03 ACTIVET7186 KING & GARDINER FARMS LLC 103 40.17 ACTIVET7198 M&S LAND COMPANY 142 80.1 ACTIVET7217 WESTERN PROPERTIES 124 39.08 ACTIVET7218 WESTERN PROPERTIES 240 73.8 ACTIVET7219 WESTERN PROPERTIES 77 20.01 ACTIVET7233 BLACK OPS REAL ESTATE 129 40.06 ACTIVET7235 KERN LAND PARTNERS LLC 254 70.93 ACTIVET7238 URBAN LAND ADVISORS LLC 209 80.21 ACTIVET7251 URBAN LAND ADVISORS LLC 308 130.29 ACTIVET7252 URBAN LAND ADVISORS LLC 50 31.78 ACTIVET7264 STOCKBRIDGE CAPITAL GROUP 96 40 ACTIVET7115 GOSSAMER GROVE 3432 953 ACTIVET7244 HERITAGE RANCH 800 263 ACTIVE
7TH STD. RD. INVESTORS LLC 5,334 1356 ACTIVE
TOTAL 13,367 LOTS 5,518.65 ACRES
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
NW BAKERSFIELD DEMOGRAPHICS
www.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.
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
NW BAKERSIFELD CONSUMER SPENDING
www.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.
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
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.
HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, 93312
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
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.
www.HummelAndAssociates.com
HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, 93312
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
CURRENT SURVEY
CURRENT SURVEY
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
CRAIG A. HUMMELBROKER/APPRAISERLICENSE # 01108671P 661-444-1602F [email protected]
Contact Us
CRAIG J. HUMMELAGENTLICENSE # 01849544P 661-747-6175F [email protected]
OVERVIEW OF HAGEMAN & ALLEN UNDERPASS
HAGEMAN AND ALLEN ROADS, NORTHWEST BAKERSFIELD CA, 93312
FOR SALE: 13.27 ACRE COMMERCIAL SHOPPING CENTER SITE
