Central Kitchen and Cold Storage
For Sale
Contact for pricing
1327 N MAIN ST, Santa Ana, CA 92701
Converted warehouse with a turnkey central prep kitchen, walk-in freezer/cooler blocks, dry storage, and on-site admin office for food logistics.
Property Size4,500 SF
Price / SF$611.11
Days on Market53
Property Features for 1327 N MAIN ST
General Information
Standard status
Active
Size
4,500 SF
Class
C
Total Parking Spaces
14
Property subtype
Retail, Office, Industrial
Zoning
SP-3
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1954
Year Renovated
2021
Stories
1
Tenancy
Single
Listing Agency:
Lifetime Realty & Investments
(714) 728-6564
Listed By:
Tommy Kim · License #01795209
Source:
Crexi
Added: Jun 21
Changed: Aug 8
Last Checked: Aug 11 at 1:38PM
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 Lifetime Realty & Investments
Investment Insights
Based on property information with market context.
This for-sale property is a converted warehouse configured as a central food-preparation facility. It includes a centrally located prep kitchen designed for restaurant-scale production and bulk food preparation. The building is also built around extensive temperature-controlled storage, featuring a large wall-to-wall walk-in freezer and cooler block for meat lockers and wholesale-style food preservation. In addition to refrigeration capacity, the layout provides a dedicated dry storage area for extra restaurant supplies, packaging, and non-perishable inventory, supporting day-to-day storage and logistics needs. An on-site administrative office is included for operational management and bookkeeping.
The facility is located at 1327 N Main St in Santa Ana, CA, with immediate access to I-5 and major freeways. This positioning supports efficient movement of food products and centralized dispatching for distribution throughout Orange County.
The combination of central prep, large walk-in cold storage, and organized dry storage makes the property a practical fit for owner-users expanding restaurant kitchen infrastructure, as well as operators seeking a food-focused logistics and inventory hub. The on-site office supports day-to-day administration for kitchen operations, inventory coordination, and management needs.
The facility is located at 1327 N Main St in Santa Ana, CA, with immediate access to I-5 and major freeways. This positioning supports efficient movement of food products and centralized dispatching for distribution throughout Orange County.
The combination of central prep, large walk-in cold storage, and organized dry storage makes the property a practical fit for owner-users expanding restaurant kitchen infrastructure, as well as operators seeking a food-focused logistics and inventory hub. The on-site office supports day-to-day administration for kitchen operations, inventory coordination, and management needs.
Key Highlights
- Converted warehouse with turnkey central prep kitchen for food preparation and bulk production
- Includes massive cold storage with an extensive wall‑to‑wall walk‑in freezer and cooler block designed for meat lockers
- Dedicated dry storage area for restaurant supplies, packaging, and non‑perishable goods
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,751
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,735,020
$1.7M
Cap Rate 7%
$1,239,300
$1.2M
Cap Rate 9%
$963,900
$963.9K
Market Conditions
NOI Build-Up for 4,500 SF
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.
Gross rent
$121.5K $27.00/SF
− Vacancy
−$5.8K −$1.30/SF
EGI
$115.7K $25.70/SF
− OpEx
−$28.9K −$6.43/SF
NOI
$86.8K $19.28/SF
Area
ZIP 92701
Vacancy
4.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,735,020
Cap Rate 7%
$1,239,300
Cap Rate 9%
$963,900
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,751 @ 7.0% cap · market cap 3.15%
Second Best
Office B
$1.04M
$913.3K – $1.22M
NOI $73,062 @ 7.0% cap · market cap 2.66%
Theoretical Best
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,467 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Converted warehouse with a turnkey central prep kitchen, walk-in freezer/cooler blocks, dry storage, and on-site admin office for food logistics.
Where is this commercial kitchen located?
The property is located at 1327 N MAIN ST Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Converted warehouse with turnkey central prep kitchen for food preparation and bulk production; Includes massive cold storage with an extensive wall‑to‑wall walk‑in freezer and cooler block designed for meat lockers; Dedicated dry storage area for restaurant supplies, packaging, and non‑perishable goods
