For Auction

Albertsons Pad Site | 2.08 Acres

935 S. China Lake Boulevard,
Ridgecrest, CA 93555Represented by
NAI Capital

Asset Snapshot

Real Estate
Asset Type
Land
Property Type
2.08 Acres
Land Area

Offering Summary

Investment Highlights

  • Two pad sites adjacent to Albertsons spanning 2.08 acres
  • Finished parcel graded with all utilities to the property line with a paved parking area
  • Located in Albertson's shopping center with a Walmart Supercenter across the street
  • The China Lake Naval Weapons Station is currently the home of Unarmed Aerial Vehicle development
  • The Weapons Station is undergoing a $3 billion upgrading and modernization program which will dramatically increase the contract awards in the future 
 

Offering Details

NAI Capital and RI Marketplace are pleased to present the Albertsons Pad Site (the "Property"), a 2.08-acre parcel of land spanning across two retail pad sites located in the heart of Ridgecrest, California. The Property features a general commercial zoning designation (C-2) thereby allowing for the widest range of retail commercial uses including regional shopping centers and heavy commercial uses. The pad sites are fully graded with utilities throughout the property line with a paved parking area. The city of Ridgecrest represents a limited number of grocery chain operations thereby making the Property's adjacent positioning to Albertsons a significant demand driver from a traffic exposure perspective. In addition, the Property benefits from being shadow anchored by Tractor Supply while located across the street from a Walmart Supercenter. 

The economy of Ridgecrest employs ±12,300 people with a median household income of ±$69,577. In 2019, the place with the highest median household income was census tract 54.04 with a value of ±$80,375, followed by census tract 54.02 and census tract 55.01, with respective values of ±$78,906 and ±$73,281. The largest industries in Ridgecrest are Public Administration, Health Care & Social Assistance, and Retail Trade while the highest paying industries are Utilities (±$77,083), Public Administration (±$76,001), and Manufacturing (±$72,525) based on information provided by the United States Census Bureau. 
 

Due Diligence

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Call For More Information

This auction has ended. Interested in additional investment opportunities?

Investment Sales Broker

Theodore Zwicker
NAI Capital
CA License: 00328370
(310) 806-6139tzwicker@naicapital.com

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.