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1920 Mercantile Ln

35,917 SF Industrial Building Coalinga, CA 93210 $9,922,288 CAD ($276 CAD/SF) 8.50% Cap Rate

Industrial Properties California Coalinga 1920 Mercantile Ln, Coalinga, CA 93210

Investment Highlights

  • 304 Feet of frontage on Mercantile Lane
  • 61 HVAC units
  • Fully Gated and Monitored Facility
  • Fully Sprinklered

Executive Summary

PRICE REDUCED SIGNIFICANTLY ON 8-21-23 TO $6,999,999
Kidder Mathews is pleased to present to qualified investors, the opportunity to acquire 1920 Mercantile Lane in Coalinga California, a 35,917 square foot single tenant industrial building situated on an approximately 1.56 acre lot. 15 year Absolute NNN Sale-Leaseback. Planet 13 revenue increased 70% year over year from 2020 to 2021 and has zero debt. Please contact me for further information!

Attachments

Brochure

Property Facts

Price $9,922,288 CAD Lot Size 1.56 AC
Price Per SF $276 CAD Rentable Building Area 35,917 SF
Sale Type Investment No. Stories 1
Cap Rate 8.50% Year Built 2019
Sale Conditions Sale Leaseback Tenancy Single
Property Type Industrial Parking Ratio 1/1,000 SF
Property Subtype Distribution Clear Ceiling Height 26 ft
Building Class B
Price $9,922,288 CAD
Price Per SF $276 CAD
Sale Type Investment
Cap Rate 8.50%
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype Distribution
Building Class B
Lot Size 1.56 AC
Rentable Building Area 35,917 SF
No. Stories 1
Year Built 2019
Tenancy Single
Parking Ratio 1/1,000 SF
Clear Ceiling Height 26 ft

Amenities

  • Fenced Lot
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1920 Mercantile Ln, Coalinga, CA - aerial map view

PROPERTY TAXES

Parcel Number 083-280-12S Improvements Assessment $0 CAD
Land Assessment $650,478 CAD Total Assessment $650,478 CAD

PROPERTY TAXES

Parcel Number
083-280-12S
Land Assessment
$650,478 CAD
Improvements Assessment
$0 CAD
Total Assessment
$650,478 CAD

zoning

Zoning Code LM (Commercial; Business)
LM (Commercial; Business)
(619) 489-9003

Contact

  • Listing ID: 26792445

  • Date on Market: 2022-10-06

  • Last Updated:

  • Address: 1920 Mercantile Ln, Coalinga, CA 93210

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1920 Mercantile Ln, Coalinga, CA for sale Building Photo- Image 1 of 8
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1920 Mercantile Ln, Coalinga, CA for sale Building Photo- Image 2 of 8
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1920 Mercantile Ln, Coalinga, CA for sale Building Photo- Image 3 of 8
Alternate Building View
1920 Mercantile Ln, Coalinga, CA for sale Building Photo- Image 4 of 8
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1920 Mercantile Ln, Coalinga, CA for sale Building Photo- Image 5 of 8
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1920 Mercantile Ln, Coalinga, CA for sale Building Photo- Image 6 of 8
Building Entrance
1920 Mercantile Ln, Coalinga, CA for sale Aerial- Image 7 of 8
Aerial Context

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1920 Mercantile Ln
(619) 489-9003 x

1920 Mercantile Ln

Sam Hanna

(619) 489-9003

(619) 489-9003

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