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Dual-Tenant Flex Space
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5266-5268 System Dr, Huntington Beach, CA 92649

Flexible industrial facility with separate address points, upgraded improvements, and warehouse space configured for two occupants.

Property Size13,000 SF
Lot Size0.65 Acres
Price / SF$436.09
Days on Market191

Property Features for 5266-5268 System Dr

General Information

Standard status Active
Size 13,000 SF
Class B
Lot size 0.65 Acres
Property subtype Industrial
Zoning RT
Investment Type Owner/User

Warehouse & Industrial

Warehouse Space 13,000 SF
Drive-In Doors 4
Power 800 amps

Additional Details

Road Access Yes

Amenities

high-image restrooms
clean room
CCTV room

Building Details

Year Built 1988
Year Renovated 2026
Buildings 1
Stories 1
Units 2
Building Size 13,000 SF
Tenancy Multi
Listing Agency: Centennial Advisers
Listed By: Justin White · License #CA 00875427
Source: Crexi
Added: Apr 7 Changed: Oct 2 Last Checked: Oct 12 at 4:57PM

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 Centennial Advisers

Investment Insights

Based on property information with market context.

This 13,300-square-foot flex property was built in 1988 and is arranged for dual tenancy, with separate address points at 5266 and 5268 System Drive. The building includes four extra-large ground-level roll-up doors, divided evenly between the two sides, along with separately metered 800A power. One warehouse area remains in shell condition, while the other includes tiled flooring, upgraded restrooms, and an insulated operating area.

Additional improvements include a clean room, a compact second-story office with an overlooking position, and a secured CCTV room serving the property’s camera system. The facility occupies a 0.65-acre corner lot between System Drive and Chemical Lane in Huntington Beach’s west-side industrial corridor. Nearby aerospace and manufacturing users identified in the property information include Boeing, Karma Aerospace, and Mach Industries. Zoning is RT.

Key Highlights

  • 13,300 SF flex property on a 0.65‑acre corner lot
  • Dual‑tenancy configuration with address points at 5266 and 5268 System Drive
  • Four XL ground‑roll‑up doors, with two serving each side

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$216,817
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,336,340 $4.3M
Cap Rate 7%
$3,097,386 $3.1M
Cap Rate 9%
$2,409,078 $2.4M
Market Conditions
NOI Build-Up for 13,300 SF
Gross rent
$351.1K $26.40/SF
− Vacancy
−$17.6K −$1.32/SF
EGI
$333.6K $25.08/SF
− OpEx
−$116.7K −$8.78/SF
NOI
$216.8K $16.30/SF
Area
Huntington Beach, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,336,340
Cap Rate 7%
$3,097,386
Cap Rate 9%
$2,409,078

Alternative Uses

Best Use
Flex RnD
$3.10M
$2.71M – $3.61M (±1% cap)
NOI $216,817 @ 7.0% cap · market cap 3.74%
Second Best
Warehouse
$2.98M
$2.61M – $3.48M (±1% cap)
NOI $208,802 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$4.60M
$4.02M – $5.36M (±1% cap)
NOI $321,754 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Barber Shop HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Drive-in doors
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,286
Businesses Nearby
Under-served
Demand for This Use

Demographics for 92649, CA

34,082
Population
15,178
Households
2.2
Avg Household Size
47
Median Age
51%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
6,086
Density / Sq Mi
$121,604
Median Household Income
$59,242
Median Earnings
$2,554
Median Rent
$1,070,800
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flexible industrial facility with separate address points, upgraded improvements, and warehouse space configured for two occupants.
Where is this flex space located?
The property is located at 5266-5268 System Dr Huntington Beach, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 13,300 SF flex property on a 0.65‑acre corner lot; Dual‑tenancy configuration with address points at 5266 and 5268 System Drive; Four XL ground‑roll‑up doors, with two serving each side
(714) 231-2537 Call to check price and availability
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