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    Multi-Tenant Warehouse Business Park Title is generated by Realmo AI

    1111-1121 E Wakeham Ave, Santa Ana, CA 92705

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    Fire-sprinklered warehouse units within a multi-tenant business park offering divisible space for a range of users.

    Type:INDUSTRIAL
    Property size:
    34,984 SF
    Price / SF:
    $263/SF
    Added:
    Jun 8, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 13 at 2:45 am

    Property Features for 1111-1121 E Wakeham Ave

    General Information

    Standard status
    Active
    Size
    34,984 SF
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Michael Hefner

    Listing agent Michael Hefner

    Listing office Voit Real Estate Services

    Listing date Jun 8, 2026

    Source Moodyscre

    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

    HighLights

    • Multi‑tenant leased warehouse units in Wakeham Business Park
    • Unit sizes range from 1,001 to 2,902 SF
    • Fire sprinkler system included

    Overview

    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.

    Local 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 (±1% cap)
    NOI $549,229 @ 7.0% cap · market cap 5.95%
    Second Best
    Industrial
    $6.46M
    $5.65M – $7.54M (±1% cap)
    NOI $452,306 @ 7.0% cap · market cap 4.90%
    Theoretical Best
    Specialty Retail
    $10.51M
    $9.20M – $12.27M (±1% cap)
    NOI $735,976 @ 7.0% cap · market cap 7.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.853834
    Latitude
    33.737676

    FAQs

    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
    (714) 978-7880 Call to check price and availability
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