for sale - braun...for sale 3 retail properties: floyd’s general store b rau nwor ldb i d.com...

FOR SALE3 RETAIL PROPERTIES:FLOYD’S GENERAL STORE

B R A U N W O R L D B I D . C O M

PROPERTY LOCATIONS:3650 Chester Ave, Bakersfield, CA2020 S Chester Ave, Bakersfield, CA555 Walker St, Shafter, CA

PAGE | 2 800.784.5884 x1111 | BraunWorldbid.com

OFFERING MEMORANDUMTHIS IS AN OFFERING MEMORANDUM intended for buyers interested in the three retail properties of Floyd’s General Store located at 3650 N Chester Ave, Bakersfield CA, 2020 S Chester Ave, Bakersfield, CA and 555 Walker St, Shafter, CA as more particularly described here-in (“Properties”). This memorandum contains information pertaining to the Properties’ seller and has been prepared by BRAUN, (“BRAUN”). Although the seller has reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor BRAUN, nor broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller, BRAUN and broker disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the properties, or as to any other aspect of the properties.

1230 Rosecrans Ave. Suite 160Manhattan Beach, CA 90266

FAX: 310.798.3123

Los Angeles | San Francisco | New YorkMilwaukee | Cleveland | Sun Valley | Monterey

BRE #01912556

800.784.5884 x1111BraunWorldbid.com

2 Market Overview

3 Demographics

4 Information

1 The Properties - Overview


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The Properties - Overview1

FLOYD’S GENERAL STORE - 3650 N CHESTER AVE, BAKERSFIELD CA


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nsFLOYDS GENERAL STOREPROPERTY LOCATIONS

LOCATION #13650 CHESTER AVE, BAKERSFIELD

LOCATION #3555 WALKER ST, SHAFTER

LOCATION #22020 S CHESTER AVE, BAKERSFIELD


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nsLOCATION #1

■■ Location: 3650 Chester Ave, Bakersfield, CA■■ APN: #120-060-22■■ Building Size: 18,237 SF■■ Land Size: 54,500 SF■■ Swamp coolers■■ Fluorescent lighting■■ Security cameras■■ Fenced yard w/ security beams■■ Continuously operating since 1952■■ Prime location in the heart of Bakersfield■■ Annual Average Daily Traffic: 15,415*

PROPERTY INFORMATION

3650 CHESTER AVE, BAKERSFIELD

OFFERED AT $2.1 MILLIONProperty is sold without a tenant.

* Kern Council of Governments, kerncog.com


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ns3650 CHESTER AVEAERIAL VIEW


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nsLOCATION #2

■■ Location: 2020 S Chester Ave, Bakersfield, CA■■ APN: #166-062-05, 166-062-06, 166-062-07, 166-071-

08, 166-071-09, 166-071-10, 166-071-11■■ Building Size: 18,941 SF■■ Land Size: 98,990 SF■■ Includes 5,071 SF mower rental shop■■ HVAC■■ Security cameras (both stores)■■ Fenced yard w/ security beams■■ Continuously operating since 1954■■ Annual Average Daily Traffic: 15,340*


2020 S CHESTER AVE, BAKERSFIELD

OFFERED AT $1,275,000

* Kern Council of Governments, kerncog.com

Property is sold without a tenant.


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ns2020 S CHESTER AVEAERIAL VIEW


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nsLOCATION #3

■■ Location: 555 Walker St, Shafter, CA■■ APN: #027-360-03■■ Building Size: 14,411 SF■■ Land Size: 50,965 SF■■ Swamp coolers■■ Fluorescent lighting■■ Security cameras■■ Fenced yard w/ security beams■■ Continously operating since 1988


555 WALKER ST, SHAFTER

OFFERED AT $1,150,000Property is sold without a tenant.


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DOWNTOWN BAKERSFIELD’S SKYLINE

Market Overview2 Bakersfield | Kern County


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Leasing and sales activity has been on an increase, vacancies are down, construction is up and land prices are up. Rental rates in the oil field sector have been holding, due to limited supply. Warehousing rents are increasing. Tenants for smaller warehouse and shop space are leasing and buying any product that comes available.

The long term outlook for the central San Joaquin Valley remains strong due to the oil and AG industries. the oil companies remain active and the agricul-tural industry continues to expand the value added sector. With low cost housing and big box rental rates in the $.25 - $.37 NNN range, the central San Joaquin Valley will continue to get a strong look from distribution and manufacturing companies looking to for a one day turnaround to 35 million people.

THE MARKET

OVERVIEW

DOWNTOWN BAKERSFIELD


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Demographics3 Bakersfield


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BAKERSFIELDDEMOGRAPHICS

■■ Bakersfield is a city in Southern California, United States near the southern end of the San Joaquin Valley in Kern County. The city is 110 miles north of Los Angeles and about the same distance south of Fresno. It is an inland city about 135 miles east of Pismo Beach on the Pacific Ocean.

■■ Bakersfield’s population is around 350,000, making it the 9th largest city in California and the 52nd largest city in the United States. The city is also the county seat for Kern County, the third largest county in California by area. The total Bakersfield inner urban area, which includes East Bakersfield and Rosedale, has a population of about 464,000.

■■ Bakersfield is in Kern County which is generally considered part of Southern California and shares its southern border with Los Angeles County. However, many residents consider Bakersfield to be more a part of Central California as it is near Kings and Tulare counties and is a hub for agriculture and oil production.

■■ Bakersfield is the focal point of the larger Bakersfield-Delano, CA Metropolitan Statistical Area, which is coextensive with Kern County. In 2010, it had a population of 839,631, making it the 62nd largest metropolitan area in United States.

■■ Bakersfield has a very diverse economy. Kern County is the most productive oil producing county, and the fourth most productive agricultural county (by value) in the United States. Other industries

include natural gas and other energy extraction, aerospace, mining, petroleum refining, manufacturing, distribution, food processing, and corporate/regional headquarters.

■■ Bakersfield has been known for being a fast-growing city and has seen its population more than triple over nearly 30 years from about 105,000 in 1980 to 347,000 in 2010.

■■ Kern County is a part of the highly productive San Joaquin Valley, and ranks in the top five most productive agricultural counties in the nation. Bakersfield serves as the home for both corporate and regional headquarters of companies engaged in these industries.

■■ Bakersfield has a rapidly-growing manufacturing and distribution sector. Several companies have moved to Bakersfield because of its inexpensive land and access to the rest of America, as well as international ports in both Los Angeles and Oakland. Other companies have opened regional offices and non-oil/agricultural businesses because of Bakersfield’s and Kern County’s business friendly policies, such as having no local utility or inventory taxes.

■■ In 2005 SR-99 (which passes through Bakersfield) was added to the FHWA list of high priority corridors as a “California farm to market route” and designated a Future Interstate.


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Information4 Braun Worldbid’s Sale Process


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OFFERINGPROCESS

OFFERS ARE BEING CONSIDERED ON A FIRST-COME-FIRST-OFFER BASIS.

■■ Email: [email protected]■■ Fax: 310.798.8883■■ Mail: Braun Worldbid

Attention: Floyd’s General Stores 1230 Rosecrans Ave, Suite 160, Manhattan Beach CA 90266

BUYER BROKER PARTICIPATIONA two percent (2.0%) commission will be paid to any licensedbroker who represents and registers a successful buyer.

PROPERTY INFORMATIONThe property information is a complete compilation of documents,forms, reports, and title information related to the propertyand is available on our website for review and download.

PROPERTY PREVIEWYou may view the property at anytime.

DUE DILIGENCE MATERIALSBraun will provide information with a signed confidentiality agreement.


DISCLAIMERDISCLAIMER: BRAUN is the broker. BRAUN makes no representations or warranties on approved uses of the properties. This brochure is provided for the sole purpose of allowing a potential buyer to evaluate the subject properties. The potential buyer is urged to perform its own examination and inspection of the properties and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information con-tained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the properties, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any “hazardous materials” in relation to the properties, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the properties. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Properties. BRAUN will not be responsible if the property is unsatisfactory to the buyer in any way.

for sale - braun...for sale 3 retail properties: floyd’s general store b rau nwor ldb i d.com...

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