| A 149-Unit Studio Community Located at the Highway 99 Interchange on White Lane with 170,000+ Vehicles Per Day, Offering a High-Visibility |
| Freeway-Adjacent Location in Southwest Bakersfield’s Wible Orchard Neighborhood with Direct Access to Regional Employment and Retail |
| CUP Approval with Fire Sprinklers and Alarms Complete, As Conditional Use Permit 23-0642 Was Approved by the Bakersfield Planning Commission. |
| Fire Sprinkler and Alarm Systems Have Been Completed as the Largest Life-Safety Capital Item, Eliminating the Most Significant Compliance Risk. |
| In-Place and Projected Rents Are Supported by Direct Comparables and Section 8 Validation |
| Total Stabilization Costs Typically Underwritten Between $1.0M and $1.3M Including Construction, Permits, And Contingency |
Filip Niculete
Marcus & Millichap