BAKERSFIELD GATEWAY FREEWAY 99 & HOSKING ROAD ANNOUNCING
• Bakersfield Gateway will offer 800,000 square feet of mixed use retail to be anchored by Bass Pro Shops • Excellent Freeway 99 location with both visibility and access via a new interchange to Freeway 99 • Located 20 miles from the new TEJON OUTLETS, another Freeway 99 traffic generator • Approximately 152,000 cars travel daily on Freeway 99 • Bakersfield Gateway will feature lifestyle amenities including a central gathering area for various family-oriented activities, upscale landscaping, fountains and park benches LIFESTYLE AMENITIES LOCATION COMMUNITY
DUANE KEATHLEY VINCE ROCHE JOSH SHERLEY KARI STURGEON STACY BURT PACIFIC COMMERCIAL REALTY ADVISORS Executive Director | Principal Executive Director | Principal Director Sales Associate Sales Associate Lic. #01919464 (661) 633 3816 (661) 633 3817 (661) 633 3840 (661) 633 3820 (661) 633 3833 5060 California Avenue, Suite 1000 [email protected] [email protected] [email protected] [email protected] [email protected] Bakersfield, CA93309 Lic. #00935011 Lic. #01155079 Lic. #01876855 Lic. #01463739 Lic. #01938710 www.paccra.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Bakersfield Gateway Bakersfield, CA
The City of Bakersfield is strategically located at the southern end of California’s Great Central Valley. Bakersfield offers corporations one of the most affordable and attractive locations on the West Coast. Bakersfield’s available labor pool and office space, along with its increasing trade area of population of over 906,000 makes for an ideal business location.
New residents are attracted to Bakersfield’s high quality of life. Our housing costs continue to be among the lowest in California, giving residents the ability to achieve the American dream of home ownership. Bakersfield’s 2015 median home price is $231,760 as opposed to $615,090* for California, with the exception of areas such as Los Angeles, San Diego, or the Bay Area which are even higher.
*housingwire.com 1/17/2020
PACIFIC COMMERCIAL REALTY ADVISORS DUANE KEATHLEY VINCE ROCHE JOSH SHERLEY KARI STURGEON STACY BURT Lic. #01919464 Executive Director | Principal Executive Director | Principal Director Sales Associate Sales Associate 5060 California Avenue, Suite 1000 (661) 633 3816 (661) 633 3817 (661) 633 3840 (661) 633 3820 (661) 633 3833 Bakersfield, CA93309 [email protected] [email protected] [email protected] [email protected] [email protected] www.paccra.com Lic. #00935011 Lic. #01155079 Lic. #01876855 Lic. #01463739 Lic. #01938710
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Bakersfield Gateway Bakersfield, CA
PROPERTY PROFILE Location NEQ Highway 99 and Hosking Road Bakersfield, CA
Owner/Developer The Woodmont Company
Condition New Construction
Shopping Center GLA Proposed 800,000sf
Size of Parcel Approximately 85 Acres
Opening Spring of 2022
Proposed Co-tenancy See enclosed site plan
2020 MARKET TRADE AREA DEMOGRAPHICS* ESTIMATED POPULATION 906,381 ESTIMATED 2025 POPULATION 946,907 ESTIMATED HOUSEHOLDS 288,079 FUTURE HOME OF EST. AVG. HOUSEHOLD INCOME $76,985 TOTAL EMPLOYEES 360,630 MEDICAL CENTER
*Bakersfield MSA TRAFFIC COUNTS (cars per day)
Highway 99 North* 102,000
Highway 99 South* 71,000
Hosking Road 14,837
South H Street South of Hosking 6,072
South H Street North of Hosking 8,182
*2017 counts taken at Panama Lane & Hwy 99 (no counts available for new Hosking interchange) HIGHLIGHTS • Excellent Highway 99 traffic counts • New highway interchange making easy on and off to Highway 99 • Excellent co-tenancy in area: Super Walmart Lowe’s Center - approximately 325,000sf, Carmax, Vallarta, Tractor Supply Company • Immediately adjacent to future home of Kaiser Permanente Medical Center
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Bakersfield Gateway Bakersfield, CA
MING AVENUE TENANTS
BAKERSFIELD AUTOMALL
FUTURE HOME OF
MEDICAL CENTER
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) BakersfieldBakersfield Gateway Gateway Bakersfield,Bakersfield, CA CA
FUTURE HOME OF
MEDICAL CENTER
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Bakersfield Gateway Bakersfield, CA
2 hotels BAKERSFIELD HOUSING – APRIL 2020 Bakersfield Gateway Bakersfield, CA
California State University, Bakersfield is BAKERSFIELD CITY BOUNDARY a public university located in Bakersfield, 2020 Total Population: 388,448 California on a 375- 8.7 Miles 2020 Estimated Households: 129,466 acre (152 ha) campus, The university offers 91 2020 Avg. Household Income: $85,960 different Bachelor's degrees, 20 types of 4.1 Miles Master's degrees,8.7 and Miles 12 teaching credentials and has approximately 8,111 undergraduate The Valley Plaza Mall is a major retail shopping mall in and graduate students. Bakersfield, California. It is the largest mall in the San Joaquin Valley. The mall is owned by General Growth Properties, a real estate development of over 120 regional shopping malls around the United States. Valley Plaza Mall 12.1 Miles has 5 anchor stores and over 140 specialty stores. The mall is situated near SR 99 freeway, the city's main north/south freeway
Interstate 5 (I-5) is a major north–south route of the Interstate Highway System in the U.S. state of California. It begins at the Mexico–United States border at the San Ysidro crossing, goes north across the length of California and crosses into Oregon south of the Medford-Ashland metropolitan area. It is the more important and most used of the two major north-south routes on the Pacific Coast, the other being U.S. Route 101, which is primarily coastal.
The Outlets at Tejon is located on Interstate 5, one of 20.5 Miles California’s most traveled highways, between Los Angeles and Bakersfield. Demand from major domestic and international retailers brought the new outlets to full occupancy prior to opening, with a high-profile tenant roster that includes the only Pottery Barn outlet store in California, as well as apparel and accessories retailers Michael Kors, H&M, Coach, Banana Republic, J. Crew, Nike and dozens of others.
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Bakersfield Gateway Bakersfield, CA
NEARBY HIGH SCHOOLS
2,058 Students
2,418 Students
2,278 Students
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Bakersfield Gateway Bakersfield, CA
MSA BOUNDRY 2020 Total Population: 906,381 2020 Estimated Households: 288,079 2020 Avg. Household Income: $76,985
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Why Bakersfield?
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Why Bakersfield?
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Why Bakersfield? Bakersfield, CA
Source: visitbakersfield.com The analysis, released Thursday, highlights the ten markets poised for growth in the coming year. Excerpted from Denver Business Journal
Trulia examined the 100 largest U.S. metropolitan areas, measuring each on five metrics including job growth over the past year, vacancy rates, starter home affordability and percentage of the population under age 35. Bakersfield’s starter home affordability helped the market attain its spot in the rankings. According to Trulia, residents in Bakersfield spend just 14.3 percent of their income on housing, which signals strong starter home affordability in the market. Bakersfield also has a ratio of 2.3 of inbound vs. outbound searches on Trulia's website. That means more people are interested in moving to the market than those searching to move away. Trulia's report also zeroed in on the hottest neighborhoods in each top market. In Bakersfield, it's Northeast Bakersfield, which saw home values appreciate 7.2 percent year over year. Homes in the neighborhood also saw the average number of days on market drop by 30 days, according to Trulia. Rounding out the top five markets, in ranking order, are Colorado Springs, Colorado (1); Grand Rapids, Michigan (2) ; Jacksonville, Florida (3); and Austin, Texas (5). The Bakersfield market includes all of Kern County. You can read the full report here
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Why Bakersfield? “BOUNDLESS AND BETTER” Here is an outstanding video extolling the virtues of Kern County from the Kern Economic Development Department Amazon acknowledges construction project north of Bakersfield BY JOHN COX [email protected], Aug 8, 2019
When Amazon was trying to get approval to build a massive distribution center next to Meadows Field Airport, the company's approach was so stealthy that senior Kern County officials reviewing its permit application did not know they were actually dealing with the Seattle-based e-commerce giant.
Even after county officials told reporters one year ago this month that Amazon was coming to town, the company known for its secrecy chose to remain publicly silent about its plans for Kern.
All of that ended with an email exchange Thursday.
"Amazon absolutely acknowledges this project," spokeswoman Shevaun Brown wrote to The Californian, "but we do not have any new information at this time."
She was unable to provide a projected opening date or a time when the company will begin hiring people to work at the four-story building that has been under construction since October along Merle Haggard Drive. But she did confirm some details that have already been reported, clarify a misperception and fill in some important blanks.
The company, Brown noted, intends to employ 1,000 full-time, full-benefit jobs when it opens the building, which she said measures 640,000 square feet. Link to full article here