Industrial Campus Warehouses with I-5
For Sale
Contact for pricing
511 E Katella Ave, Anaheim, CA 92805
Two-building warehouse campus with excess land and immediate I-5 freeway access in Anaheim.
Property Size107,863 SF
Lot Size6.37 Acres
Price / SF$350
Days on Market22
Property Features for 511 E Katella Ave
General Information
Standard status
Active
Size
107,863 SF
Class
B
Total Parking Spaces
161
Lot size
6.37 Acres
Property subtype
Industrial
Zoning
Industrial, General Commercial
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Stories
1
Units
2
Listing Agency:
JLL - Irvine (Orange County), California
Listed By:
Nick Carey · License #California
Source:
Crexi
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 10 at 1:55PM
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 industrial warehouse campus includes excess land and immediate I-5 freeway access, offering users and investors a flexible acquisition format. The property is situated on +/-6.37 acres and totals 107,863 SF across two buildings.
The campus can be purchased together or separately, pending a lot line adjustment. Addresses included are 511 E Katella Ave and 1650 S Claudina Way.
Designed for industrial users seeking straightforward freeway connectivity and an acquisition structure that may allow for separate ownership, the property’s configuration supports a range of operational and ownership approaches within the two-building campus.
The campus can be purchased together or separately, pending a lot line adjustment. Addresses included are 511 E Katella Ave and 1650 S Claudina Way.
Designed for industrial users seeking straightforward freeway connectivity and an acquisition structure that may allow for separate ownership, the property’s configuration supports a range of operational and ownership approaches within the two-building campus.
Key Highlights
- +/-6.37 acres industrial campus
- 107,863 SF total across two warehouse buildings
- Immediate I‑5 freeway access
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
$1,693,388
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
4.49%
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%
$33,867,760
$33.9M
Cap Rate 7%
$24,191,257
$24.2M
Cap Rate 9%
$18,815,422
$18.8M
Market Conditions
NOI Build-Up for 107,863 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
$2.08M $19.32/SF
− Vacancy
−$91.7K −$0.85/SF
EGI
$1.99M $18.47/SF
− OpEx
−$298.8K −$2.77/SF
NOI
$1.69M $15.70/SF
Area
ZIP 92805
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 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%
$33,867,760
Cap Rate 7%
$24,191,257
Cap Rate 9%
$18,815,422
Alternative Uses
Best Use
Warehouse
$24.19M
$21.17M – $28.22M
NOI $1,693,388 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$32.94M
$28.83M – $38.43M
NOI $2,306,025 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92805, CA
74,633
Population
23,195
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
71%
High-School Grad
6.2 sq mi
ZIP Area
12,038
Density / Sq Mi
$85,623
Median Household Income
$38,180
Median Earnings
$2,045
Median Rent
$667,400
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 - Two-building warehouse campus with excess land and immediate I-5 freeway access in Anaheim.
Where is this warehouse located?
The property is located at 511 E Katella Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $37,752,050.
What are key features of this property?
This property features: +/-6.37 acres industrial campus; 107,863 SF total across two warehouse buildings; Immediate I‑5 freeway access
