What we saw: A 46-acre commercially-zoned parcel located within the City limits of the rapidly growing town of Shafter, California. The site is bordered by State Highway 46 and Santa Fe Way, a busy county road leading back to West Bakersfield. The property generates solid cash flow and will eventually be redeveloped into a shopping center.
What we saw: This 87,000 square foot building was vacant when we purchased it. Within 24 months the property had been divided up and leased to Smart & Final, Tractor Co. and Body Xchange, a health club. The property has been refinanced, resulting in a return of the entire original investment, and currently generates attractive positive monthly cash flow.