Village at the Oaks

Village at the Oaks | Bakersfield, CA


Sands Investment Group is Pleased to Exclusively Offer For Sale a 37,089 SF Village at the Oaks Located at 7900 White Lane in Bakersfield, CA. This Deal Includes a 100% Occupied – Essential “Daily Needs” Grocery Shadow-Anchored Neighborhood Center, Providing For a Secured Investment.

100% Occupied – Essential “Daily Needs” Grocery Shadow-Anchored Neighborhood Center:

  • Destination Location Shadow Anchored By Albertsons Grocery Store (NAP)
  • Strong Mix of National & Regional Tenants Providing Security to New Investor Thru Credit, Tenant Synergy & Diversity
  • 100% Occupied Center Featuring 37,089 SF Leased to 15 Tenants With Low Historical Vacancy

Excellent Real Estate Fundamentals:

  • Southwest Bakersfield Experiencing Significant Growth and Ranks as One California’s Hottest Home Markets of 2023 (Realtor.com)
  • Significant Number of Tenants Have Below Market Lease Rates, Providing Potential Value Add in the Future
  • Strong Rent Growth – Multiple Tenants Feature Rare Annual Rental Increasing, Providing a Strong Hedge Against Inflation
  • Long Term Operating History – Approximately 65% of the GLA Has an Operating History at This Location of 13 Years or Longer

Outstanding Retail Location:

  • Situated at one of the Most Heavily Trafficked Intersections in the Trade Area (Approximately 65,000 CPD at Gosford Rd & White Ln)
  • Extremely Dense Trade Area With Over 270,000 Residents With 5-Miles
  • Affluent Trade Area – Over $96,000 Average Household Income Within 3-Miles
  • Additional Co-Tenants (NAP) & Area Retailers Include Taco Bell, Burger King, Wingstop, McDonalds and Others, Driving Potential Customer Business to the Subject Property

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

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