Rosedale Village Shopping Center - BAKERSFIELD, CA

Arixa Capital Rosedale Acquisition

ACQUISITION

What we saw: A tired-looking shopping center on a 50,000 car-per-day intersection in booming Northwest Bakersfield. We purchased the property at approximately $150 per sq ft, well below replacement cost and the sales prices of similarly-located shopping centers before and since. The property has delivered steady cash flow since acquisition and has strong long-term potential given its excellent location.