Free-Standing Cannabis Industrial
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For Sale
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3500 W Garry Ave, Santa Ana, CA 92704
Free-standing light industrial building in a commercial cannabis zone with power expandable to 4,000 amps and approvals for cultivation.
Property Size30,038 SF
Price / SF$365
Days on Market5
Property Features for 3500 W Garry Ave
General Information
Standard status
Active
Size
30,038 SF
Property subtype
INDUSTRIAL
Listing Agency:
JLL
(949) 296-3605
Listed By:
Wade Tift · License #1456650
(949) 296-3605
Source:
Moodyscre
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 10:38PM
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.
Free-standing industrial building totaling 30,038 SF. The property is described as light industrial and located within a commercial cannabis zone, with a build out for cannabis cultivation totaling 12,000 SF. Public remarks also indicate approvals for cultivation, distribution, and delivery.
Power is noted as expandable to 4,000 amps. In addition to cannabis cultivation, the site is stated to be suitable for other office, lab, and industrial uses.
Located at 3500 W Garry Ave in Santa Ana, California, this facility is positioned for tenants seeking an industrial footprint with cannabis-related entitlements and capacity to support electric-driven buildouts.
Power is noted as expandable to 4,000 amps. In addition to cannabis cultivation, the site is stated to be suitable for other office, lab, and industrial uses.
Located at 3500 W Garry Ave in Santa Ana, California, this facility is positioned for tenants seeking an industrial footprint with cannabis-related entitlements and capacity to support electric-driven buildouts.
Key Highlights
- Free‑standing industrial building totaling 30,038 SF
- Commercial cannabis zone with 12,000 SF cannabis cultivation build‑out
- Approvals for cultivation, distribution, and delivery
Financial Insights For Warehouse
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 | $580.3k | $19.32 |
| − Vacancy | −$25.5k | −$0.85 |
| EGI | $554.8k | $18.47 |
| − OpEx | −$83.2k | −$2.77 |
| NOI | $471.6k | $15.70 |
30,038 SF · lease $19.32/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.74M
$5.89M – $7.86M
NOI $471,580 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$5.55M
$4.85M – $6.47M
NOI $388,360 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$8.93M
$7.81M – $10.42M
NOI $624,944 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,653
Businesses Nearby
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
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?
Cannabis property - Free-standing light industrial building in a commercial cannabis zone with power expandable to 4,000 amps and approvals for cultivation.
Where is this cannabis property located?
The property is located at 3500 W Garry Ave Santa Ana, CA.
What is the asking price?
The asking price for this property is $10,963,870.
What are key features of this property?
This property features: Free‑standing industrial building totaling 30,038 SF; Commercial cannabis zone with 12,000 SF cannabis cultivation build‑out; Approvals for cultivation, distribution, and delivery
