Press releases for bakersfield retail pads

Highland Development Sells New Carl’s Jr. and AutoZone for $3.46 Million, 5.34% Cap Rate (2008-01-16)
Highland Development Company sold two newly built, single-tenant leased buildings currently occupied by Carl’s Jr. and soon to be occupied by AutoZone at its new 84,500-square-foot mixed-use retail/office project located at the southwest corner of Panama Lane and Wible Road in Bakersfield, Calif. The purchase price for both assets was approximately $3.46 million, representing a 5.34% cap rate.