Vacant-User
Vacant Institutional Facility | 76,650 SF Complex on 21.20 Acres | Fresno, CA MSA
185 W Gale Ave, Coalinga, CA 93210
Listing Price: $7,999,000
Gross SF
76,650
Price/Gross SF
$104.36
Lot Size
21.20 acres
Year Built
1990
Rentable SF
76,650
Investment Overview
Marcus & Millichap is pleased to present the offering for a vacant institutional facility in the Fresno, California MSA.
Vacant Institutional Facility | 76,650 SF Complex on 21.20 Acres | Fresno, CA MSA
Investment Highlights
- FORMER INSTITUTIONAL FACILITY: 76,650-Square-Foot Facility on a Massive 21.20 Acre Lot with Concrete Block and Steel Construction
- FORMERLY USED AS CANNABIS PRODUCTION FACILITY : The Property has been Featured in Forbes, Rolling Stone and NBC News in 2021-22 for the Story of its Converted Use
- MULTIPLE POTENTIAL USES: Potential Uses for the Property Include: Detention Center, Private Prison or Rehabilitation Facility, Education or Dormitory, Cannabis or Industrial Manufacturing Facility etc
- $1.9M IN UTILITY UPGRADES FROM 2017-18: Renovations Include Upgraded, HVAC Sprinkler Systems and Electrical with Three New Large Power Stations. The Property is also on the Coalinga City Water System
- MINIMAL CAPITAL EXPENDITURE REQUIRED TO RETURN TO OPERATIONAL STATUS: Former 500 Bed Institutional Facility has Infrastructure in Place for Easy Relaunch. Fencing, Guard Stations, Housing Units and Secured Corridors Remain Intact. Detention Facility Enhancements include 18' Plus Exterior and 20' Plus Interior Perimeter Fencing plus a Sally Port
- BELOW REPLACEMENT COST: Built at a Cost of $12.4 Million, Replacement Cost Today is Estimated at $40 Million
- STRATEGIC LOCATION: Situated 15 Miles from Interstate 5 with Direct Access to Highway 198. 3 Miles from Downtown Coalinga and 50 miles from Downtown Fresno. Coalinga is Three Hours from both Los Angeles and San Francisco. Proximity to New Coalinga Municipal Airport, Pleasant Valley State Prison and Coalinga State Hospital. Pleasant Valley is a Minimum-to-Maximum Security Facility Managed by the CA Dept. of Corrections & Rehabilitation (CDCR). The Adjacent DSH is a Massive, Maximum-Security Psych
- CENTRAL CALIFORNIA AREA: Coalinga is Located in Fresno County. The Main Industries are Agriculture, Oil, Cannabis, Education and Detention Centers. The Population of Fresno County Exceeds One Million and is Projected to Continue Increasing.
Vacant-User
Vacant Institutional Facility | 76,650 SF Complex on 21.20 Acres | Fresno, CA MSA
Listing Price: $7,999,000
Gross SF
76,650
Price/Gross SF
$104.36
Lot Size
21.20 acres
Year Built
1990
Rentable SF
76,650
Investment Highlights
- FORMER INSTITUTIONAL FACILITY: 76,650-Square-Foot Facility on a Massive 21.20 Acre Lot with Concrete Block and Steel Construction
- FORMERLY USED AS CANNABIS PRODUCTION FACILITY : The Property has been Featured in Forbes, Rolling Stone and NBC News in 2021-22 for the Story of its Converted Use
- MULTIPLE POTENTIAL USES: Potential Uses for the Property Include: Detention Center, Private Prison or Rehabilitation Facility, Education or Dormitory, Cannabis or Industrial Manufacturing Facility etc
- $1.9M IN UTILITY UPGRADES FROM 2017-18: Renovations Include Upgraded, HVAC Sprinkler Systems and Electrical with Three New Large Power Stations. The Property is also on the Coalinga City Water System
- MINIMAL CAPITAL EXPENDITURE REQUIRED TO RETURN TO OPERATIONAL STATUS: Former 500 Bed Institutional Facility has Infrastructure in Place for Easy Relaunch. Fencing, Guard Stations, Housing Units and Secured Corridors Remain Intact. Detention Facility Enhancements include 18' Plus Exterior and 20' Plus Interior Perimeter Fencing plus a Sally Port
- BELOW REPLACEMENT COST: Built at a Cost of $12.4 Million, Replacement Cost Today is Estimated at $40 Million
- STRATEGIC LOCATION: Situated 15 Miles from Interstate 5 with Direct Access to Highway 198. 3 Miles from Downtown Coalinga and 50 miles from Downtown Fresno. Coalinga is Three Hours from both Los Angeles and San Francisco. Proximity to New Coalinga Municipal Airport, Pleasant Valley State Prison and Coalinga State Hospital. Pleasant Valley is a Minimum-to-Maximum Security Facility Managed by the CA Dept. of Corrections & Rehabilitation (CDCR). The Adjacent DSH is a Massive, Maximum-Security Psych
- CENTRAL CALIFORNIA AREA: Coalinga is Located in Fresno County. The Main Industries are Agriculture, Oil, Cannabis, Education and Detention Centers. The Population of Fresno County Exceeds One Million and is Projected to Continue Increasing.
Investment Overview
Marcus & Millichap is pleased to present the offering for a vacant institutional facility in the Fresno, California MSA.
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