Renovated Manufacturing
For Sale
Contact for pricing
2931 East White Star Avenue, Anaheim, CA 48624
Freestanding industrial facility supporting manufacturing and warehouse operations under an NNN lease structure with full occupancy.
Property Size45,223 SF
Price / SF$340.53
Days on Market130
Property Features for 2931 East White Star Avenue
General Information
Standard status
Active
Size
45,223 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1982
Tenancy
Single
Listing Agency:
CBRE - South Bay
Listed By:
Sean Ward · License #CA 01415499
(714) 371-9222
Source:
Crexi
Added: Jun 12
Changed: Oct 7
Last Checked: Oct 19 at 5:29AM
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 CBRE - South Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding industrial facility contains 45,223 SF and supports manufacturing, warehousing, and distribution operations. Originally completed in 1982, the building underwent a comprehensive renovation in 2022, providing an updated physical platform for industrial use.
The property is fully occupied under an NNN lease structure, with 4 years of lease term remaining. Its combination of substantial building area, manufacturing capability, and warehouse/distribution functionality accommodates a broad industrial operating profile while maintaining an established tenancy.
The property is fully occupied under an NNN lease structure, with 4 years of lease term remaining. Its combination of substantial building area, manufacturing capability, and warehouse/distribution functionality accommodates a broad industrial operating profile while maintaining an established tenancy.
Key Highlights
- 45,223 SF freestanding industrial building
- Manufacturing and warehouse/distribution functionality
- Completely renovated in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$709,975
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,199,500
$14.2M
Cap Rate 7%
$10,142,500
$10.1M
Cap Rate 9%
$7,888,611
$7.9M
Market Conditions
NOI Build-Up for 45,223 SF
Gross rent
$873.7K $19.32/SF
− Vacancy
−$38.4K −$0.85/SF
EGI
$835.3K $18.47/SF
− OpEx
−$125.3K −$2.77/SF
NOI
$710.0K $15.70/SF
Area
Anaheim, CA
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%
$14,199,500
Cap Rate 7%
$10,142,500
Cap Rate 9%
$7,888,611
Alternative Uses
Best Use
Warehouse
$10.14M
$8.87M – $11.83M
NOI $709,975 @ 7.0% cap · market cap 4.61%
Second Best
Industrial
$8.35M
$7.31M – $9.74M
NOI $584,686 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$16.43M
$14.37M – $19.17M
NOI $1,149,930 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Freestanding industrial facility supporting manufacturing and warehouse operations under an NNN lease structure with full occupancy.
Where is this manufacturing property located?
The property is located at 2931 East White Star Avenue Anaheim, CA.
What is the asking price?
The asking price for this property is $15,400,000.
What are key features of this property?
This property features: 45,223 SF freestanding industrial building; Manufacturing and warehouse/distribution functionality; Completely renovated in 2022
