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CONFIDENTIAL OFFERING MEMORANDUM
8150 Hageman RoadBAKERSFIELD, CALIFORNIA
Investment / Owner User Sale Opportunity
2Cushman & Wakefield | Pacific Commercial Realty Advisors
Vincent RocheExecutive Director | Principal
+1 661 633 3817
vincent.roche@paccra.com
Lic. 01155079
For more information, pleasecontact
one of the following individuals:
This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the ConfidentialityAgreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (asdefined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possibleinvestment in 8150 Hageman Road, Bakersfield, CA(the “Project”), and is not to be used for any other purpose ormade available to any other party without the prior written consent of the owner or its exclusive broker, Cushman &Wakefield | Pacific Commercial Realty Advisors (Cushman & Wakefield). This Memorandum was prepared by Cushman& Wakefield based primarily on information supplied by Owner. It contains select information about the Project and thereal estate market but does not contain all the information necessary to evaluate the Project. The financial projectionscontained herein (or in any other Confidential Information) are for general reference only. They are based onassumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results mayvary materially from such projections. Various documents have been summarized herein to facilitate your review; thesesummaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. Whilethe information contained in this Memorandum and any other Confidential Information is believed to be reliable, neitherCushman & Wakefield nor Owner guarantees its accuracy or completeness. Because of the foregoing and since theinvestment in the Project is being offered on an “As Is, Where Is” basis, a prospective investor or other party authorizedby the prospective investor to use such material solely to facilitate the prospective purchaser’s investigation, must makeits independent investigations, projections and conclusions regarding the investment in the Project without reliance onthis Memorandum or any other Confidential Information. Although additional Confidential Information, which mayinclude engineering, environmental or other reports, may be provided to qualified parties as the marketing periodproceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers andenvironmental experts. Neither Cushman & Wakefield nor Owner guarantees the accuracy or completeness of theinformation contained in this Memorandum or any other Confidential Information provided by Cushman & Wakefield andOwner. Owner expressly reserves the right, at its sole discretion, to reject any offer to invest in the Project or toterminate any negotiations with any party at any time with or without written notice. Owner shall have no legalcommitment or obligations to any prospective investor unless and until a written sale agreement has been fullyexecuted, delivered and approved by Owner and any conditions to Owner’s obligations thereunder have been satisfiedor waived. Owner has retained Cushman & Wakefield as its exclusive broker and will be responsible for any commissiondue to Cushman & Wakefield in connection with a transaction relating to the Project pursuant to a separate agreement.Cushman & Wakefield is not authorized to make any representation or agreement on behalf of Owner. Eachprospective investor will be responsible for any claims for commissions by any other broker in connection with aninvestment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum isthe property of Owner and all parties approved by Owner and may be used only by parties approved by Owner. Noportion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted underthe Confidentiality Agreement.
Offering Memorandum Disclaimer
Stacy BurtSales Associate
+1 661 633 3833
stacy.burt@paccra.com
Lic. 01938710
Table of Contents
Executive Summary 4
The Property 6
Tenant Profile 9
Lease Summary 10
Photos, Site Plan 11
Market Overview 13
4Cushman & Wakefield | Pacific Commercial Realty Advisors
Executive Summary 2006YEAR BUILT
3,584 SFRENTABLE BUILDING AREA
23 SurfacePARKING
100%OCCUPANCY
.45ACRES
NEARBY
CO-TENANCY
& RESIDENTAL
HIGHLIGHTS
• Hageman Road frontage
• Located in heart of Northwest
• Located adjacent to 99¢ Only and McDonalds
• Just off of busy 4-Way intersection of Coffee Rd & Hageman Road
• National brands in immediate proximity
• Strong residential and businesses around site
• Zoned C-1
8150 Hageman Road
Bakersfield, CA 93312
Traffic Counts
Hageman Road 20,483 CPD
Coffee Road 30,193 CPD
$1,610,000
5Cushman & Wakefield | Pacific Commercial Realty Advisors
8150 Hageman Road is located at the NWQ of Coffee Road and Hageman Road in Northwest Bakersfield..
It is a freestanding building with constructed in 2006 with access to site off of Centennial Plaza Way via
Hageman Road. The subject is adjacent to 99¢ Only and McDondalds. Neighboring tenants include Vons,
Winco, CVS, Chipotle, Bank of America, Starbucks, Jimmy John’s and Carl’s Jr.
Coffee Road is one of the primary north/south arterials that connects Northwest to Southwest Bakersfield and
provides access to the Westside Parkway. Hageman Road runs east/west through Northwest Bakersfield.
Traffic Counts at the intersection of Coffee Road and Hageman Road are 50,676 cars per day. Established
residential surrounds site and Centennial High School and Riverlakes Golf Course are nearby.
$86,016.00
5.3%
$1,610,000
2019 Net Income
Cap Rate
Asking Sales Price
$449.00Sales Price Per Foot
Executive Summary
Hageman Road 20,483 CPD
Coffee Road 30,193 CPD
6Cushman & Wakefield | Pacific Commercial Realty Advisors
The Property
AERIAL
NORTHWEST BAKERSFIELD
NORTHWEST PROMENADE
ROSEDALE HIGHWAY
CO
FF
EE
RO
AD
CA
LL
OW
AY
DR
IVE
AL
LE
N R
OA
D
RE
NF
RO
RO
AD
HAGEMAN ROAD
NORRIS ROAD
SNOW ROAD
8150 Hageman Road
Bakersfield, CA 93312
CO
FF
EE
RO
AD
30
,193 C
ars
Pe
r D
ay
HAGEMAN ROAD
20,483 Cars Per Day
7Cushman & Wakefield | Pacific Commercial Realty Advisors
The Property
INTERSECTION AERIAL
8150 Hageman Road
Bakersfield, CA 93312
8Cushman & Wakefield | Pacific Commercial Realty Advisors
The Property
CLOSE-UP AERIAL
Hageman Road 14,000 Cars Per Day
Co
ffe
e R
oa
d 1
8,0
00 C
ars
Pe
r D
ay
Ce
nte
nn
ial P
laza W
ay
8150 Hageman Road
Bakersfield, CA 93312
Rear of Building
Side of Building
Front of Building
9Cushman & Wakefield | Pacific Commercial Realty Advisors
Tenant Profile
www.affordablepethospital.com
The veterinarians at Affordable Pet Hospital are committed to
their client’s pet's health offering quality care at affordable
prices. Affordable Pet Hospital excels in the science of
Veterinary medicine.
Affordable Pet Hospital is a full-service, animal hospital whose
mission is to provide the highest standard of veterinary care for
pets. We provide friendly, informative, and supportive services
for you and your pet, while maintaining a superior working
environment for our employees.
Affordable Pet Hospital offers the Bakersfield animal
community emergency veterinary services as well as medical,
surgical, and dental veterinary care. With an in-house pharmacy,
boutique and access to specialists, the facility offers a one stop
for your pet's health and medical care.
Affordable Pet Hospital is open for appointments and
emergencies during normal business hours and on Saturdays.
8150 Hageman Road
Bakersfield, CA 93312
10Cushman & Wakefield | Pacific Commercial Realty Advisors
Lease Summary
TENANT AFFORDABLE PET HOSPITAL
Premises Approximately 3,584sf
Lease Commencement 1/1/2016
Lease Expiration 12/31/2020
Lease Term 5 Year
Renewal Options 1 Five (5) Year Renewal
Lease Type Triple Net (NNN)
Monthly Base Rent $7,168.00 per month
Increases
Utilities Tenant’s Responsibility
Taxes & Assessments Tenant’s Responsibility
Building Maintenance Tenant’s Responsibility
Insurance Tenant’s Responsibility
Roof & Structure Tenant’s Responsibility
11Cushman & Wakefield | Pacific Commercial Realty Advisors
Interior PhotosPhotos of interior of previous tenant
8150 Hageman Road
Bakersfield, CA 93312
12Cushman & Wakefield | Pacific Commercial Realty Advisors
Floor Plan
Floor Plan of previous tenant
8150 Hageman Road
Bakersfield, CA 93312
13Cushman & Wakefield | Pacific Commercial Realty Advisors
Demographics 8150 Hageman Road
Bakersfield, CA 93312
14Cushman & Wakefield | Pacific Commercial Realty Advisors
Market Overview
BAKERSFIELD OVERVIEWBakersfield is the retail trade center for Kern County’s 925,036 residents. Bakersfield is California’s
9th most populous city with over 393,000 people. It ranks 6th in population and density growth,
and is 1st in population and wealth growth in the state. The median age is 30.7, offering the right
balance of young and older professionals.
BAKERSFIELD’S ECONOMYThe Bakersfield retail market is comprised of just over 12.9 million square feet (msf) of space
(excluding the 1.15-msf Valley Plaza Regional Mall) The 2017 year-end estimated vacancy rate
recorded 7.9%.
The job market is expecting an average growth rate of 1.1%, or approximately 206,939 new jobs
over the next four years.
Bakersfield reported over $8 Billion in retail sales in 2014 (More than any other city in LA County
and Orange County besides Los Angeles.) The Bakersfield median household income is 5.5%
higher than the nation’s.
KERN COUNTY’S ECONOMYLocated at the southern end of California’s Central Valley, Kern County consistently ranks among
the top five most-productive agricultural counties in the U.S. and is one of the nation’s leading
petroleum-producing counties. Kern County is geographically the center of California’s population,
making it accessible to 38 million consumers. Because of its unique geographical positioning, Kern
County has also become the distribution center for some of the world’s largest companies.
Additionally, with more than 8,000 square miles, Kern offers everything from big city amenities to
small town friendliness, along with outstanding recreational opportunities and easy access to
ocean, alpine, and desert.
DEMOGRAPHICSBakersfield Kern County
2023 Projection 393,912 925,036
2018 Population 383,612 897,008
2010 Census 348,116 839,631
Growth 2018-2023 .5% .6%
Growth 2010-2018 2.8% 30.9%
Bakersfield Kern County
2023 Projection 131,349 294,519
2018 Total Households 125,705 280,115
2010 Census 111,740 254,610
Growth 2018-2023 .9% 1.0%
Growth 2010-2018 2.6% 1.9%
Bakersfield Kern County
2018 Average Household Income $83,975 $76,461
2018 Median Household Income $63,172 $54,900
2018 Est. Per Capita Income $27,591 $24,421
Some Recent Headlines about Bakersfield and Kern County:
• Kern County Cost of Living Still Lower than U.S. Average
• Bakersfield No. 2 Best City of the Future
• Bakersfield No. 9 Best U.S. Housing Market to Watch
• Bakersfield Home Prices Increase
• Bakersfield Fourth Nationally for Architecture, Engineering Jobs
• Bakersfield Among Top Destinations where Millennials Moving
8150 Hageman Road
Bakersfield, CA 93312
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