4128 Chester Ave
Bakersfield, CA 93301

Pleased to present the opportunity to acquire this multi-tenant shopping center located at 4128 Chester Avenue in Bakersfield, California. Built in 1986, the subject property is composed of three separate buildings totaling 69,196 square feet of gross leasable area and sits on a large 233,481-square foot corner lot. The anchor tenant is a 50,396 square foot FoodMaxx that is owned and operated by Savemart and has been in continuous operation at the center since 1986. Additional tenants include Foster’s Donuts, Dollar World, Rent-A-Center, Jannsen Fitness, TitleMax and Metro PCS. The property is located at the intersection of Chester Avenue and West Columbus street in a unique in-fill location in the heat of Bakersfield. The center’s positioning along two of Bakersfield’s large arterials allows for a heavy traffic flow into the center, which provides ingress/egress points off of both Chester Avenue and Columbus Street. Bakersfield is the ninth largest city in California and one of the fastest growing regions in the nation. The city generates 76 percent of California’s oil supply and is third in the US in agricultural-related production and thus has a stable population of workers in both of these industries. Bakersfield boasts large numbers of locally-owned businesses, though many have been recently bought out by national companies. The city is home to CSU Bakersfield, a California State University which has a student population of over 8,700. Bakersfield draws large numbers of visitors from their thriving golf scene and events throughout the year including the Festival of Beers, Basque Festival, and Kern County Fair. This investment is a great opportunity to acquire a well-located multi-tenant shopping center. With long-term tenancy, annual increases and capital improvements this investment should continue to provide excellent returns well into the future.