Two-Unit Industrial
For Sale
Contact for pricing
7311 & 7341 Anaconda Avenue, Garden Grove, CA 92841
1975-built industrial warehouse constructed as a two-unit facility, with both units currently leased.
Property Size47,433 SF
Days on Market120
Property Features for 7311 & 7341 Anaconda Avenue
General Information
Standard status
Active
Size
47,433 SF
Property subtype
Industrial
Occupancy
100%
Additional Details
Cap Rate
2.16%
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
NAI Capital - Orange County
Listed By:
David Knowlton · License #CA 00893394
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 12:32AM
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 NAI Capital - Orange County
Investment Insights
Based on property information with market context.
Built in 1975, this 47,433 SF industrial warehouse was constructed as a two-unit facility. Environmental sampling identified contaminants in the subsurface, and the data has been reported to regulators; no regulatory action has been taken to date. Seller will provide prospective buyers with environmental reports, and Buyer will be responsible for completing additional testing to fully characterize the site and determine post-closing remediation requirements. Seller will also provide a negotiated escrow holdback to cover future environmental studies and remediation.
Both units are leased. Half of the building is leased through 5/31/26 at $0.78 NNN, and includes one additional 5-year option. This portion was fully refurbished. The other half is leased to a dead storage user through 5/31/23 at $0.67 Gross, with offices that were not refurbished.
At the stated assumptions, the cap rate on current net income is reported as 2.16%. The remarks also project that, if the Goodwin lease resets to $1.10 NNN with a new tenant in approximately 15 months, the cap rate would be around 4.3%, excluding scheduled 3% bumps on May 1.
Both units are leased. Half of the building is leased through 5/31/26 at $0.78 NNN, and includes one additional 5-year option. This portion was fully refurbished. The other half is leased to a dead storage user through 5/31/23 at $0.67 Gross, with offices that were not refurbished.
At the stated assumptions, the cap rate on current net income is reported as 2.16%. The remarks also project that, if the Goodwin lease resets to $1.10 NNN with a new tenant in approximately 15 months, the cap rate would be around 4.3%, excluding scheduled 3% bumps on May 1.
Key Highlights
- 1975‑built 47,433 SF industrial warehouse constructed as a two‑unit facility
- Both units are currently leased at below‑market rents to tenants with good financials
- Lease timing: half leased through 5/31/26 at $0.78 NNN PSF with one 5‑year option at market
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92841, CA
34,376
Population
9,813
Households
3.5
Avg Household Size
39
Median Age
22%
College-Educated
75%
High-School Grad
4.6 sq mi
ZIP Area
7,473
Density / Sq Mi
$81,975
Median Household Income
$36,900
Median Earnings
$1,983
Median Rent
$766,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - 1975-built industrial warehouse constructed as a two-unit facility, with both units currently leased.
Where is this warehouse located?
The property is located at 7311 & 7341 Anaconda Avenue Garden Grove, CA.
What are key features of this property?
This property features: 1975‑built 47,433 SF industrial warehouse constructed as a two‑unit facility; Both units are currently leased at below‑market rents to tenants with good financials; Lease timing: half leased through 5/31/26 at $0.78 NNN PSF with one 5‑year option at market
