Multi-Tenant Warehouse Business
For Sale
Contact for pricing
1111-1121 E Wakeham Ave, Santa Ana, CA 92705
Fire-sprinklered warehouse units within a multi-tenant business park offering divisible space for a range of users.
Property Size34,984 SF
Price / SF$263.81
Days on Market56
Property Features for 1111-1121 E Wakeham Ave
General Information
Standard status
Active
Size
34,984 SF
Property subtype
INDUSTRIAL
Additional Details
Sprinkler System
Yes
Building Details
Tenancy
Multi
Listing Agency:
Voit Real Estate Services
(714) 978-7880
Listed By:
Michael Hefner · License #00857352
Source:
Moodyscre
Added: Jun 8
Changed: Jul 10
Last Checked: Jul 21 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Voit Real Estate Services
Investment Insights
Based on property information with market context.
Wakeham Business Park presents a multi-tenant warehouse investment opportunity for sale. The property includes multiple warehouse units with unit sizes ranging from 1,001 to 2,902 square feet. Fire sprinkler systems are in place throughout the property.
The offering is located at 1111-1121 E Wakeham Ave in Santa Ana, California. As part of a business park, the configuration is designed to support multiple tenants within a shared warehouse setting.
For buyers seeking an industrial asset with already-established occupancy, the multi-tenant structure and subdivided unit sizes may support a variety of tenant types that need smaller warehouse footprints. The sprinklered design is a practical feature for industrial operations that value fire protection infrastructure. The business park format can also be useful for investors or owner-operators looking to manage multiple warehouse spaces under one umbrella. This is a for-sale opportunity in Wakeham Business Park with clear unit size parameters and fire sprinkler coverage noted for the property.
The offering is located at 1111-1121 E Wakeham Ave in Santa Ana, California. As part of a business park, the configuration is designed to support multiple tenants within a shared warehouse setting.
For buyers seeking an industrial asset with already-established occupancy, the multi-tenant structure and subdivided unit sizes may support a variety of tenant types that need smaller warehouse footprints. The sprinklered design is a practical feature for industrial operations that value fire protection infrastructure. The business park format can also be useful for investors or owner-operators looking to manage multiple warehouse spaces under one umbrella. This is a for-sale opportunity in Wakeham Business Park with clear unit size parameters and fire sprinkler coverage noted for the property.
Key Highlights
- Multi‑tenant leased warehouse units in Wakeham Business Park
- Unit sizes range from 1,001 to 2,902 SF
- Fire sprinkler system included
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $675.9k | $19.32 |
| − Vacancy | −$29.7k | −$0.85 |
| EGI | $646.2k | $18.47 |
| − OpEx | −$96.9k | −$2.77 |
| NOI | $549.2k | $15.70 |
34,984 SF · lease $19.32/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.85M
$6.87M – $9.15M
NOI $549,229 @ 7.0% cap · market cap 5.95%
Second Best
Industrial
$6.46M
$5.65M – $7.54M
NOI $452,306 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$10.51M
$9.20M – $12.27M
NOI $735,976 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,887
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
Market
Properties on Market for Warehouses in Orange County
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Fire-sprinklered warehouse units within a multi-tenant business park offering divisible space for a range of users.
Where is this warehouse located?
The property is located at 1111-1121 E Wakeham Ave Santa Ana, CA.
What is the asking price?
The asking price for this property is $9,229,000.
What are key features of this property?
This property features: Multi‑tenant leased warehouse units in Wakeham Business Park; Unit sizes range from 1,001 to 2,902 SF; Fire sprinkler system included
