A PROPOSAL FOR COMMERCIAL SERVICES Vahalla Plaza · a proposal for commercial services All materials and information received or derived from KW Commercial its directors, officers,

KW COMMERCIAL700 S. Flower Street,Suite 2900Los Angeles, CA 90017

RAYMOND ARAMBURU Broker Associate [email protected] #0771577

Vahalla Plaza

A PROPOSAL FOR COMMERCIAL SERVICES

PRESENTED BY:

2303 S UNION AVE., BAKERSFIELD, CA

NOW AVAILABLE BUILD TO SUIT PADS

LINDA KAYE KW Commercial Director 310.592.2817 [email protected] BRE# 01360815

ELAHE AHMADY [email protected] # 02013346

www.kwcommercial.com 2

KW COMMERCIAL700 S. Flower Street,Suite 2900Los Angeles, CA 90017

Confidentiality & Disclaimer


All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source,whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Downtown LA in compliance with all applicable fairhousing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PRESENTED BY:

BAKERSFIELD, CA

RAYMOND ARAMBURU Broker Associate [email protected] #0771577

LINDA KAYE KW Commercial Director 310.592.2817 [email protected] BRE# 01360815

ELAHE AHMADY Associate

[email protected] # 02013346

http://www.kwcommercial.com


PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

COMPLETE HIGHLIGHTS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION

VAHALLA PLAZA

VAHALLA PLAZA

PROPOSAL FOR COMMERCIAL SERVICES



EXECUTIVE SUMMARY VAHALLA PLAZA 1 | PROPERTY INFORMATION


Building Four: up to 3500 sf build-to-suit pad, fully entitled,permitted, divisible. Drive-through can be accommodated.

AVAILABLE SF :

LEASE RATE:$1.25 To 1.5 SF/Month (NNN) + $.35 SF CAM

LOT SIZE: 6.7 Acres

EXISTING BUILDING SIZE: +/- 30,934 SF

ZONING: M1-2

CROSS STREETS: Chester Ave.

Pad A, B, F (Divisible) BUILD TO SUIT :

Three units +/- 1,260 SF each

PROPERTY OVERVIEW

VH Plaza is a new neighborhood shopping center comprised of three parcels of land of approximately 6.7 acres. 8.7 acres is held for future development and is designated Phase II. Only Phase I is under construction at this time. Consists of four buildings with a total square footage of +/- 53,500. Existing building consists of 12 units with total of +/- 30,934 SF. 88% of existing building is pre-leased with tenant improvements ongoing. Three units are available at +/- 1,260 sf each. Building is scheduled to be fully leased by June 30, 2017.Build to Suit pads as follow:

Pad A: +/- 9500 sf build-to-suit pad, divisible Pad B: +/- 9500 sf build-to-suit pad, divisible Pad F: +/- 3500 sf build-to-suit pad, divisible

PROPERTY DESCRIPTION

PROPERTY FEATURESAll Leases are NNN. Landlord offering rent abatements and other incentives. Call broker for

details.

LOCATION OVERVIEWVH Plaza is a new neighborhood Shopping Center Located in the southern portion of Bakersfield near t he intersection of White Lane and Chester. AADT traffic counts have averaged on South Union Avenue +/ - 20,000, on White Ave+/- 14,000, on Chester Ave. +/- 4800.

VAHALLA PLAZA 1 | PROPERTY INFORMATION



PROPERTY DETAILSVAHALLA PLAZA 1 | PROPERTY INFORMATION


PROPERTY NAME: Vahalla Plaza

STREET ADDRESS: 2303 S. Union Ave.

CITY, STATE, ZIP:Bakersfield, CA 93307

PROPERTY TYPE: Retail & Pad

APN:

GROSS LEASABLE AREA:

BUILDING CLASS:

ZONING: M1-2

YEAR BUILT:

NUMBER OF STORIES:

FOUNDATION:

2016 - Present

ONE

CONCRETE

B

30, 934 SF

025-03 0-10; 025-030-11; 025-030-14; 025-030-15


VAHALLA PLAZA 1 | PROPERTY INFORMATION

HIGHLIGHTS• High daily traffic count on S. Union Ave. +/- 20,000

• Ingress & egress on Union Ave.

• Stop sign or signalized (in negotiation with city)

• Expanding residential developments within radius of one mile




PRE-LEASED RETAILSVAHALLA PLAZA 1 | PROPERTY INFORMATION


LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

RENT ROLL

TENANT PROFILES

2LOCATION INFORMATION

VAHALLA PLAZA

VAHALLA PLAZA



REGIONAL RETAILER MAPVAHALLA PLAZA 2 | LOCATION INFORMATION

www.kwcommercial.com

ON SITE RETAILERS:-SUBWAY-METRO PCS-LOS REYES SUPERMARKET

REGIONAL RETAILERS LESS THAN 3 MILES: -POLLO LOCO-CHECK INTO CASH-STARBUCKS-PIZZA HUTS

10


LOCATION MAPSVAHALLA PLAZA 2 | LOCATION INFORMATION

2303 S Union AveBakersfield, CA 93305

White Lane

Property Location

S Chester Ave.

Golden State H

yw

Barstow Bakersfield Hwy


S U

nion

Ave

.


AERIAL MAPVAHALLA PLAZA 2 | LOCATION INFORMATION



VH PLAZA SITE PLANVAHALLA PLAZA 4 | ADDITIONAL INFORMATION



AVAILABLE PAD & UNITSVAHALLA PLAZA 4 | ADDITIONAL INFORMATION




VAHALLA PLAZA 4 | ADDITIONAL INFORMATION

AVAILABLE UNITS

E-6 : 1,2,60 SFE-8 : 1,2,60 SFE-9 : 1,2,60 SF


PROPOSED PAD DEVELOPMENT (TYPICAL) VAHALLA PLAZA 4 | ADDITIONAL INFORMATION

www.kwcommercial.com . 16

BUILD TO SUIT PAD


VH PlAZA EXISTING PHASE & PROPOSAL VAHALLA PLAZA 4 | ADDITIONAL INFORMATION

www.kwcommercial.com ..... 17

Pad A: +/- 9500 sf build-to-suit pad, divisible Pad B: +/- 9500 sf build-to-suit pad, divisible Pad F: +/- 3500 sf build-to-suit pad, divisible


Lease Rate:

Lease Type:

NEGOTIABLE

NNN

Total Existing Space 30,934 SF

Lease Term:

AVAILABLE SPACESVAHALLA PLAZA 4 | ADDITIONAL INFORMATION


SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM

E-6 Retail NEGOTIABLE 1.260 SF Negotiable

NEGOTIABLE NNN 1,260 SF Negotiable

E-9 Retail NEGOTIABLE NNN 1,260 SF Negotiable

PAD A BUILD TO SUIT NEGOTIABLE NNN 9,500 SF Negotiable



Retail E-8

PAD B BUILD TO SUIT

PAD F BUILD TO SUIT

NNN

Tenant ProfilesVAHALLA PLAZA 2 | LOCATION INFORMATION

Subway


MetroPCS

Los Reyes Supermarket

Mariscos El Sushi

E-7 E-5

SPACE D E1- E4


DEMOGRAPHICS3 | DEMOGRAPHICS

DEMOGRAPHICS MAP

VAHALLA PLAZA

VAHALLA PLAZA

DEMOGRAPHICS 3




* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAPVAHALLA PLAZA 3 | DEMOGRAPHICS

ETHNICITY 1 MILE 3 MILES 5 MILES% HISPANIC 51.5% 55.2% 52.8%

RACE 1 MILE 3 MILES 5 MILES% WHITE 46.3% 50.5% 56.8%

% BLACK 13.1% 11.0% 8.3%

% ASIAN 0.8% 1.4% 1.9%

% HAWAIIAN 0.0% 0.1% 0.1%

% INDIAN 1.0% 1.0% 1.0%

% OTHER 34.6% 32.0% 27.6%

POPULATION 1 MILE 3 MILES 5 MILESTOTAL POPULATION 10,955 131,949 300,051

MEDIAN AGE 29.4 28.2 29.5

MEDIAN AGE (MALE) 29.2 28.0 29.1

MEDIAN AGE (FEMALE) 28.9 28.5 30.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTOTAL HOUSEHOLDS 3,839 42,174 96,227

# OF PERSONS PER HH 2.9 3.1 3.1

AVERAGE HH INCOME $46,005 $45,324 $50,224

AVERAGE HOUSE VALUE $221,397 $195,007 $222,637


ADDITIONAL INFORMATION

4 | ADDITIONAL INFORMATION

SITE PLAN

SAMPLE - DEDICATED WEBSITE

AVAILABLE SPACES

PDF WITH HEADER/FOOTER

ADDITIONAL PHOTOS

CITY INFORMATION

SITE PLAN

RETAILER MAP

4ADDITIONAL INFORMATION

VAHALLA PLAZA

VAHALLA PLAZA




ADDITIONAL PHOTOSVAHALLA PLAZA 4 | ADDITIONAL INFORMATION

AVAILABLE UNITS: E-6 E-8 & E-9


PROJECT INFORMATIONVAHALLA PLAZA 4 | ADDITIONAL INFORMATION


ABOUT THE COMPANY

Astal Development Corporation has been in business since 1978, founded by Michael Astalis. Since 1982 and now headquartered in Los Angeles, the company has developed track homes, rental housing and commercial properties from San Diego County to the Bay Area for over three decades. Mr. Astalis is the Managing Director of the company. He received his professional training in Cluj, Romania, in civil and electrical engineering, and has held various positions as superintendent of construction prior to forming Astal Development Corporation. Additional administrative and technical support is provided by Hermina Astalis, who is a graduate of UC Berkeley with a BS in architecture, and a MBA from USC Marshall School of Business. Prior experience includes various projects as a cost engineer for the Ronald Reagan UCLA Medical Center.

Astal Development envisions the completion of VH Plaza as per the rendering that is provided below. Marketing of the remaining pads A,B, and F, are well-suited for national tenants. Astal Development intends to provide a compatible mix of retail companies that will complement and allow for optimum traffic flow. Leaseholds will be administered through the company’s property management department.


ARCHITECTURAL DESIGNVAHALLA PLAZA 4 | ADDITIONAL INFORMATION



A PROPOSAL FOR COMMERCIAL SERVICES Vahalla Plaza · a proposal for commercial services All materials and information received or derived from KW Commercial its directors, officers,

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