Santa Ana Warehouse For
For Sale
$6,850,000
2222-2308 W 2nd Street, Santa Ana, CA 92703
24,426 SF Santa Ana warehouse property with new renovations.
Property Size24,426 SF
Price / SF$280.44
Days on Market197
Property Features for 2222-2308 W 2nd Street
General Information
Standard status
Active
Size
24,426 SF
Property subtype
Industrial
Building Details
Building Size
24,426 SF
Stories
1
Properties For Sale
at 2222-2308 W 2nd Street
Available Space
Size
24,426 SF
Listing Agency:
DAUM Commercial Real Estate Newport Beach
Listed By:
Devin Ray · License #CA 02018130
(949) 242-1065
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 6
Last Checked: Oct 16 at 5:39AM
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 DAUM Commercial Real Estate Newport Beach
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Investment Insights
Based on property information with market context.
This commercial real estate property, located in Santa Ana, California, features a total square footage of 24,426 SF. The property has undergone new renovations and is suitable for warehouse and industrial use.
Key Highlights
- 24,426 SF Total Square Footage
- New Renovations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$383,474
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,669,480
$7.7M
Cap Rate 7%
$5,478,200
$5.5M
Cap Rate 9%
$4,260,822
$4.3M
Market Conditions
NOI Build-Up for 24,426 SF
Gross rent
$471.9K $19.32/SF
− Vacancy
−$20.8K −$0.85/SF
EGI
$451.1K $18.47/SF
− OpEx
−$67.7K −$2.77/SF
NOI
$383.5K $15.70/SF
Area
ZIP 92703
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,669,480
Cap Rate 7%
$5,478,200
Cap Rate 9%
$4,260,822
Alternative Uses
Best Use
Warehouse
$5.48M
$4.79M – $6.39M
NOI $383,474 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$4.51M
$3.95M – $5.26M
NOI $315,802 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$7.07M
$6.19M – $8.25M
NOI $494,876 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - 24,426 SF Santa Ana warehouse property with new renovations.
Where is this warehouse located?
The property is located at 2222-2308 W 2nd Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: 24,426 SF Total Square Footage; New Renovations
