1920 Mercantile Ln
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1920 Mercantile Ln
35,917 SF Industrial Building Coalinga, CA 93210 £5,483,099 (£153/SF) 8.50% Net Initial Yield
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!
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!
Property Facts
| Price | £5,483,099 | Lot Size | 1.56 AC |
| Price Per SF | £153 | Rentable Building Area | 35,917 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 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 | £5,483,099 |
| Price Per SF | £153 |
| Sale Type | Investment |
| Net Initial Yield | 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 |
| Number of Floors | 1 |
| Year Built | 2019 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 26 ft |
Amenities
- Fenced Lot
PROPERTY TAXES
| Parcel Number | 083-280-12S | Improvements Assessment | £0 |
| Land Assessment | £359,457 | Total Assessment | £359,457 |
PROPERTY TAXES
Parcel Number
083-280-12S
Land Assessment
£359,457
Improvements Assessment
£0
Total Assessment
£359,457
zoning
| Zoning Code | LM (Commercial; Business) |
| LM (Commercial; Business) |
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1920 Mercantile Ln
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