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- LoopNet Team
1102 Black Gold Rd
Bakersfield, CA 93308
National Oilwell Varco · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- STRONG CREDIT TENANT
- NNN
- INDUSTRIAL-DRIVEN CORRIDOR
- STRATEGIC LOCATION
- LONG-TERM TENANCY & RENEWAL
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 2008 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.84 AC | No. Drive In / Grade-Level Doors | 6 |
| Rentable Building Area | 16,450 SF |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.84 AC |
| Rentable Building Area | 16,450 SF |
| No. Stories | 1 |
| Year Built | 2008 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 6 |
AMENITIES
- 24 Hour Access
ABOUT 1102 BLACK GOLD RD , BAKERSFIELD, CA 93308
The Property features a newly signed five (5) year NNN lease with two (2), five (5) year renewal option and two percent (2%) annual rent increases during the option periods. The Property’s lease is guaranteed by National Oilwell Varco, L.P., a subsidiary of National Oilwell Varco, Inc. with reported revenues of $7.25 billion, and a net worth in excess of $14 billion. The parent company currently holds an investment-grade rating of BBB+ with Standard & Poor’s. The Property is located inside the San Joaquin Basin which controls approximately 75% of California’s oil production. In addition, the Property is located on the north side of Bakersfield, inside an industrial corridor, and minutes away from the Meadows Field Airport.
PROPERTY TAXES
| Parcel Number | 481-200-23-00-2 | Improvements Assessment | $1,938,080 |
| Land Assessment | $1,027,396 | Total Assessment | $2,965,476 |
PROPERTY TAXES
ZONING
| Zoning Code | M-2 (Heavy Industrial) |
| M-2 (Heavy Industrial) |
