Renovated Warehouse with Freeway
For Sale
Contact for pricing
2995 White Star Avenue, Anaheim, CA 92806
Recently renovated warehouse with in-place tenant and freeway access.
Property Size9,700 SF
Price / SF$425
Days on Market159
Property Features for 2995 White Star Avenue
General Information
Standard status
Active
Size
9,700 SF
Property subtype
Retail, Industrial
Zoning
Anaheim Canyon SP-DA-1
Building Details
Year Built
1976
Year Renovated
2022
Buildings
4
Tenancy
Single
Listing Agency:
JLL - Irvine (Orange County), California
Listed By:
Steve Wagner · License #CA 01314652
Source:
Crexi
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 28 at 8:27PM
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 - Irvine (Orange County), California
Investment Insights
Based on property information with market context.
This 9,700 square foot commercial property is located in a professionally managed business park and offers immediate access to the 91 freeway. The location benefits from high visibility, with approximately 400,000 cars per day freeway exposure. The property was recently renovated in 2022. It features a warehouse with 16 to 18-foot clear ceilings and bonus mezzanine space above the office area. There is an in-place tenant with a lease through December 31, 2026. The property's location is described as a strong logistics hub, near major Southern California ports and airports, and at the center of gravity for Southern California's 23+ million residents. The property is suitable for warehouses, industrial, retail, and flex space uses.
Key Highlights
- Prime location with immediate 91 freeway access and high visibility (approx. 400,000 cars per day).
- Strong logistics location near major Southern California ports and airports.
- In‑place tenant with lease through 12/31/26.
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
$160,204
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
3.89%
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%
$3,204,080
$3.2M
Cap Rate 7%
$2,288,629
$2.3M
Cap Rate 9%
$1,780,044
$1.8M
Market Conditions
NOI Build-Up for 9,700 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
$199.0K $20.52/SF
− Vacancy
−$10.6K −$1.09/SF
EGI
$188.5K $19.43/SF
− OpEx
−$28.3K −$2.91/SF
NOI
$160.2K $16.52/SF
Area
ZIP 92806
Vacancy
5.31%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
15.00%
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%
$3,204,080
Cap Rate 7%
$2,288,629
Cap Rate 9%
$1,780,044
Alternative Uses
Best Use
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,204 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$1.99M
$1.74M – $2.32M
NOI $139,433 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,621 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Recently renovated warehouse with in-place tenant and freeway access.
Where is this warehouse located?
The property is located at 2995 White Star Avenue Anaheim, CA.
What is the asking price?
The asking price for this property is $4,122,500.
What are key features of this property?
This property features: Prime location with immediate 91 freeway access and high visibility (approx. 400,000 cars per day).; Strong logistics location near major Southern California ports and airports.; In‑place tenant with lease through 12/31/26.
