Industrial Condo with 18-Foot
3512 W Lake Center Dr Unit B Santa Ana, CA 92704
For Sale
$2,195,000
Industrial condo featuring 18' warehouse ceilings, a ground-level loading door, and 400 amps of power.
Property Size4,923 SF
Price / SF$445.87
Days on Market69
Property Features for 3512 W Lake Center Dr Unit B
General Information
Standard status
Active
Size
4,923 SF
Property subtype
Industrial
Building Details
Year Built
1989
Listing Agency:
Lee & Associates
(949) 584-1133
Listed By:
Zach Schwaner · License #CalDRE #02009623
(949) 584-1133
Source:
Lee-associates
Added: May 20
Changed: Jul 21
Last Checked: Jul 27 at 4:02AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
A 4,923 SF industrial condo offered for sale within a multi-unit association. The unit includes 400 amps and 18' warehouse ceilings, with one ground-level loading door for straightforward ground loading. The warehouse is sprinklered at 0.12/GPM/1,500 SF.
Parking is offered at a 2.7:1 ratio, and the association dues are listed at $727 per month.
The property is part of an industrial condo arrangement and is presented as an owner-occupied or investment-ready warehouse space, depending on tenant and ownership plans.
Parking is offered at a 2.7:1 ratio, and the association dues are listed at $727 per month.
The property is part of an industrial condo arrangement and is presented as an owner-occupied or investment-ready warehouse space, depending on tenant and ownership plans.
Key Highlights
- 4,923 SF industrial condo available for sale
- 18' warehouse ceilings with 1 ground‑level loading door
- 400 amps electrical service
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 | $95.1k | $19.32 |
| − Vacancy | −$4.2k | −$0.85 |
| EGI | $90.9k | $18.47 |
| − OpEx | −$13.6k | −$2.77 |
| NOI | $77.3k | $15.70 |
4,923 SF · lease $19.32/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.10M
$966.1K – $1.29M
NOI $77,288 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,424 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Public Storage — 4501 W MacArthur Blvd, Santa Ana, CA 92704
- SPACES MOBILE STORAGE — 1573 sunland ln, costa mesa, ca 92626
- Pan Pacific Enterprises Co — 1680 Toronto Way, Costa Mesa, CA 92626
- Warehouse — 3419 W MacArthur Blvd, Santa Ana, CA 92704
- North American Self Storage — 3595 Cadillac Ave, Costa Mesa, CA 92626
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo featuring 18' warehouse ceilings, a ground-level loading door, and 400 amps of power.
Where is this warehouse located?
The property is located at 3512 W Lake Center Dr Unit B Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 4,923 SF industrial condo available for sale; 18' warehouse ceilings with 1 ground‑level loading door; 400 amps electrical service
