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Net Lease

3027 Landco Dr

3027 Landco Dr, Bakersfield, CA 93308

Listing Price: $3,900,000

Cap Rate
5.12%
Gross SF
20,000
Price/Gross SF
$195.00
Lot Size
2.08 acres
Year Built
2005
Rentable SF
20,000

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent For Sale this Single – Tenant Net Leased (NNN) property with an M-2 zone. There is an Industrial building with 20,000sf of rentable space that was built in 2005 as a Build to Suit (BTS). It was built specifically for White Cap ( Construction Supplies) a National Tenant. It is a concrete tilt up “ sustainable” building sitting on a 2.08 acres, (90,604sf) of industrial land. This is in the highly sought after 93308 business zip code. With an APN# 332-020-63, this building and site is located near one of the highest travelled routes in all of Bakersfield, Rosedale Hwy (Hwy 58). This investment income property is highly desirable. From the type of building to it’s site location and ultimately, the stabile investment return generated from the NNN Lease. The Tenant has leased the building for 17 years already and has 3 years remaining, plus another 5 year option with 2.5% increases per year. The Tenant wants to negotiate more 5 year option extensions. The current Owner is going to allow the New Owner the ability to negotiate a new and favorable, length, rate & terms. The income is already strong, however this new negotiation will make it even more financially attractive for years to come. This is a Great Opportunity to put your money to work in a solid investment!

Investment Highlights

  • Location, Location, Location
  • White Cap services all the construction supply needs of Kern County.
  • This is a great industrial building with a fantastic NNN Tenant of 17 years.
  • This Net Leased property is located at a very heart of our Industrial corridor.
  • Great Investment Income with strong lease terms and specifics.
  • Surrounded by many businesses in an Industrial Business Park environment.
  • Easy Access from Hwy 99.
  • There is a Very High Traffic volume daily in this area.

Exclusively Listed By

Financing By

Net Lease

3027 Landco Dr

Listing Price: $3,900,000

Cap Rate
5.12%
Gross SF
20,000
Price/Gross SF
$195.00
Lot Size
2.08 acres
Year Built
2005
Rentable SF
20,000

Investment Highlights

  • Location, Location, Location
  • White Cap services all the construction supply needs of Kern County.
  • This is a great industrial building with a fantastic NNN Tenant of 17 years.
  • This Net Leased property is located at a very heart of our Industrial corridor.
  • Great Investment Income with strong lease terms and specifics.
  • Surrounded by many businesses in an Industrial Business Park environment.
  • Easy Access from Hwy 99.
  • There is a Very High Traffic volume daily in this area.

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent For Sale this Single – Tenant Net Leased (NNN) property with an M-2 zone. There is an Industrial building with 20,000sf of rentable space that was built in 2005 as a Build to Suit (BTS). It was built specifically for White Cap ( Construction Supplies) a National Tenant. It is a concrete tilt up “ sustainable” building sitting on a 2.08 acres, (90,604sf) of industrial land. This is in the highly sought after 93308 business zip code. With an APN# 332-020-63, this building and site is located near one of the highest travelled routes in all of Bakersfield, Rosedale Hwy (Hwy 58). This investment income property is highly desirable. From the type of building to it’s site location and ultimately, the stabile investment return generated from the NNN Lease. The Tenant has leased the building for 17 years already and has 3 years remaining, plus another 5 year option with 2.5% increases per year. The Tenant wants to negotiate more 5 year option extensions. The current Owner is going to allow the New Owner the ability to negotiate a new and favorable, length, rate & terms. The income is already strong, however this new negotiation will make it even more financially attractive for years to come. This is a Great Opportunity to put your money to work in a solid investment!

Exclusively Listed By

Financing By

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