1920 Mercantile Ln Coalinga, CA 93210
- Industrial properties
- 35,917 SF
Current Use by Public Records
- Industrial properties
Property Details for 1920 Mercantile Ln
- Property size
- 35,917 SF
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional investment opportunity presents a 35,917-square-foot, single-story Class B industrial manufacturing building located at 1920 Mercantile Ln, Coalinga, CA 93210. The property sits on approximately 1.56 acres and boasts a 26-foot ceiling height. Currently 100% occupied by Planet 13, a leading cannabis cultivation company, a new 15-year sale-leaseback agreement will be executed at the close of escrow, providing a passive, absolute NNN investment with no landlord responsibilities. The building features substantial infrastructure, including 61 roof-mounted HVAC units and a maintenance-free concrete parking lot. Fully gated and secured, the property includes perimeter security cameras. The building was purpose-built for cannabis cultivation and distribution, representing a significant investment in high-end construction. Planet 13's substantial revenue growth (70% year-over-year increase from 2020 to 2021) and debt-free status further solidify this investment's stability. The property is zoned Commercial
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coalinga
- County
- Fresno
- State
- California
- Longitude
- -120.327
- Latitude
- 36.135
