185 W Gale Ave - Specialty FOR SALE


Coalinga, CA 93210
$5,990,000 USD
614-653-3432
185 W Gale Ave, Coalinga, CA for Sale
$5,990,000 USD
Specialty - FOR SALE
1/24
null | Request Cap Rate

185 W Gale Ave
Coalinga, CA 93210


HIGHLIGHTS

  • 500-Bed Capacity at Approximately $20,000 Per Bed
  • 60 to 90 Day Reactivation Timeline vs. 3-5 Years for New Construction
  • Purpose-Built Custody Infrastructure: Secured Corridors, Guard Stations, Perimeter Fencing, Gatehouses
  • 76,650 SF on 21.2 Acres, Concrete Block and Steel Construction
  • Adjacent to Pleasant Valley State Prison and Coalinga State Hospital, Established Institutional Corridor
  • Upgraded HVAC, Electrical, Full Fire Sprinklers and Alarms

OVERVIEW

Former Claremont Custody Center: 76,650-SF facility on a massive 21.20 acre lot with concrete block and steel construction.? Formerly served as the Claremont Custody Center from 1990-2011 housing inmates awaiting sentencing & relocation to federal & state prisons.? Building has also been used as light industrial production facility and is zoned as light manufacturing.? The Property has been featured in Forbes, Rolling Stone & NBC News in 2021-22 for the story of its converted use in interviews with Bob Marley's son Damian Marley.? With a functioning cannabis production facility in November 2021, the property appraised for $20.2 million.? Potential uses for the property include: Detention center, private prison or rehabilitation facility, education or dormitory, cannabis or industrial manufacturing facility, distribution center, data center, trucking terminal and more.?

FOR SALE DETAILS

PRICE

$5,990,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Institutional Facility

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

21.2 AC

LAND SF

923,472 SF

ZONING

MBL

APN/PARCEL ID

070-041-52S

ASK ABOUT THIS PROPERTY

Justin Fenn, SIORMarcus & MillichapMore Info
614-653-3432

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Justin Fenn, SIORMarcus & MillichapMore Info
614-653-3432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.