Multi-Tenant Industrial
14932-14948 Dillow St. Westminster, CA 92683
14932-14948 Dillow St., Westminster, CA, 92683
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For Sale
Contact for pricing
100% occupied industrial property with five units and four long-term tenants totaling approximately 6,000 square feet.
Property Size6,000 SF
Price / SF$475
Days on Market43
Property Features for 14932-14948 Dillow St.
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1967
Listing agency
Affinity Property Management
(714) 769-6727
Listed by
Bonnie Brown · License #CA 01409138
Source
Crexi
Added: Jun 9 Updated: Jul 20 at 5:07PM Checked: Jul 20 at 5:07PM
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 Affinity Property Management
Investment Insights
Based on property information with market context.
14932-14948 Dillow Street is a multi-tenant industrial investment property featuring approximately 6,000 square feet divided into five industrial units. The building is currently 100% occupied, with four long-term tenants in place, supporting stable in-place income and an established operating history.
The property is located in Westminster, in the Little Saigon district, and is described as being less than 300 feet from Bolsa Avenue. This positioning provides practical access to one of the area’s main commercial corridors.
As presented, the tenant roster includes four long-term tenants across five units, and current rents are stated to average approximately $1.49 per square foot. The offering price is listed as $2,850,000.
The property is located in Westminster, in the Little Saigon district, and is described as being less than 300 feet from Bolsa Avenue. This positioning provides practical access to one of the area’s main commercial corridors.
As presented, the tenant roster includes four long-term tenants across five units, and current rents are stated to average approximately $1.49 per square foot. The offering price is listed as $2,850,000.
Key Highlights
- 100% occupied multi‑tenant industrial investment at 14932‑14948 Dillow Street with five industrial units
- Approximately 6,000 SF total, with four long‑term tenants providing stable in‑place occupancy
- Average current rents of approximately $1.49 per SF across the property
Local Financial Insights For Flex RnD
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 | $199.4k | $33.24 |
| − Vacancy | −$31.5k | −$5.25 |
| EGI | $167.9k | $27.99 |
| − OpEx | −$58.8k | −$9.80 |
| NOI | $109.2k | $18.19 |
6,000 SF · lease $33.24/SF/yr · vacancy 15.79% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.56M
$1.36M – $1.82M
NOI $109,166 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$1.00M
$876.5K – $1.17M
NOI $70,116 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,070 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- C&M Ohana — 15710 Poinsettia Way, Westminster, CA 92683
- S Fine Catering — 15056 weststate st, westminster, ca 92683
FAQs
What type of property is this?
Flex space - 100% occupied industrial property with five units and four long-term tenants totaling approximately 6,000 square feet.
Where is this flex space located?
The property is located at 14932-14948 Dillow St. Westminster, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 100% occupied multi‑tenant industrial investment at 14932‑14948 Dillow Street with five industrial units; Approximately 6,000 SF total, with four long‑term tenants providing stable in‑place occupancy; Average current rents of approximately $1.49 per SF across the property
