1920 Mercantile Ln Coalinga, CA 93210
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.