Free-Standing Industrial Cannabis
New
For Sale
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2400 Pullman St, Santa Ana, CA 92705
Freestanding industrial building in a commercial cannabis zone with build-out and approvals for cultivation, distribution, and delivery.
Property Size19,575 SF
Price / SF$425
Days on Market5
Property Features for 2400 Pullman St
General Information
Standard status
Active
Size
19,575 SF
Property subtype
INDUSTRIAL
Listing Agency:
JLL
(949) 499-9049
Listed By:
Byron Foss · License #1456650
(949) 296-3615
Source:
Moodyscre
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 6:43AM
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 JLL
Investment Insights
Based on property information with market context.
This free-standing industrial building is located in a commercial cannabis zone and includes a build-out for cannabis cultivation. The property also carries approvals for cultivation, distribution, and delivery, supporting a range of cannabis-related uses.
The property offers freeway frontage on the 55 Freeway. In addition to cannabis cultivation, the space is described as suitable for other office, lab, and industrial uses.
With its commercial cannabis zoning approvals and freeway visibility, the property is positioned for operators seeking an industrial facility configured for cannabis production and related distribution activities, while retaining flexibility for other office, lab, or industrial applications.
The property offers freeway frontage on the 55 Freeway. In addition to cannabis cultivation, the space is described as suitable for other office, lab, and industrial uses.
With its commercial cannabis zoning approvals and freeway visibility, the property is positioned for operators seeking an industrial facility configured for cannabis production and related distribution activities, while retaining flexibility for other office, lab, or industrial applications.
Key Highlights
- Commercial cannabis zone with build‑out for cannabis cultivation
- Approvals for cultivation, distribution, and delivery
- Also suitable for other office, lab, and industrial uses
Financial Insights For Office B
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 | $505.0k | $25.80 |
| − Vacancy | −$93.4k | −$4.77 |
| EGI | $411.6k | $21.03 |
| − OpEx | −$102.9k | −$5.26 |
| NOI | $308.7k | $15.77 |
19,575 SF · lease $25.80/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.41M
$3.86M – $5.15M
NOI $308,703 @ 7.0% cap · market cap 3.71%
Second Best
Warehouse
$4.39M
$3.84M – $5.12M
NOI $307,316 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$5.88M
$5.15M – $6.86M
NOI $411,809 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
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?
Cannabis property - Freestanding industrial building in a commercial cannabis zone with build-out and approvals for cultivation, distribution, and delivery.
Where is this cannabis property located?
The property is located at 2400 Pullman St Santa Ana, CA.
What is the asking price?
The asking price for this property is $8,319,375.
What are key features of this property?
This property features: Commercial cannabis zone with build‑out for cannabis cultivation; Approvals for cultivation, distribution, and delivery; Also suitable for other office, lab, and industrial uses
