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2222-2308 W 2nd St
Santa Ana, CA 92703
Industrial Property For Sale
Investment Highlights
- 100% NNN Leased (15 Units): 6.55% Cap Rate
- 15 units ranging from 975 SF to 4,401 SF.
- New Roof- TPO 60-mil (20 yr Product)
Executive Summary
100% Leased Investment Sale: 24,426 SF consisting of 15 shallow-bay industrial units ranging from 975 SF to 4,401 SF.
Major $275K price reduction from $7,125,000 ($291 PSF) to $6,850,000 ($280 psf)
The project is 100% leased which equates to a 6.55% Cap Rate. The Net Operating Income (NOI) is $448,810.32
Investment Highlights:
* Sale Price: $6,850,000 ($280 psf)
* Total Area: 24,426 square feet
* 100% Leased (15 Units)
* Cap Rate: 6.55%
* NOI: $448,810.32
The property has been recently renovated, including the following:
* New Roof- TPO 60-mil (20 yr Product)
* "White-Boxed" vacant units (New Paint, LVP Office Flooring, bathroom fixtures)
* New Skylights/ Security Bars
* New Exterior Paint
* New Interior/ Exterior LED Lighting
Major $275K price reduction from $7,125,000 ($291 PSF) to $6,850,000 ($280 psf)
The project is 100% leased which equates to a 6.55% Cap Rate. The Net Operating Income (NOI) is $448,810.32
Investment Highlights:
* Sale Price: $6,850,000 ($280 psf)
* Total Area: 24,426 square feet
* 100% Leased (15 Units)
* Cap Rate: 6.55%
* NOI: $448,810.32
The property has been recently renovated, including the following:
* New Roof- TPO 60-mil (20 yr Product)
* "White-Boxed" vacant units (New Paint, LVP Office Flooring, bathroom fixtures)
* New Skylights/ Security Bars
* New Exterior Paint
* New Interior/ Exterior LED Lighting
Property Facts
| Sale Type | Investment | Rentable Building Area | 24,426 SF |
| Cap Rate | 6.55% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1965/2023 |
| Property Subtype | Service | Clear Ceiling Height | 12’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 20 |
| Lot Size | 0.90 AC | Opportunity Zone |
Yes
|
| Zoning | M1 - Light Industrial | ||
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.90 AC |
| Rentable Building Area | 24,426 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2023 |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 20 |
| Opportunity Zone |
Yes |
| Zoning | M1 - Light Industrial |
Amenities
- Skylights
Utilities
- Lighting - Fluorescent
- Water - City Water
- Sewer - City Sewer
Property Taxes
| Parcel Numbers | Improvements Assessment | $774,539 CAD | |
| Land Assessment | $6,043,166 CAD | Total Assessment | $6,817,705 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$6,043,166 CAD
Improvements Assessment
$774,539 CAD
Total Assessment
$6,817,705 CAD
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