Dual-Tenant Flex
For Sale
Contact for pricing
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 Market145
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
(714) 231-2537
Listed By:
Caden Burton · License #02237654
Source:
Crexi
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 29 at 3:52PM
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.
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 = 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
$216,817
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
3.74%
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%
$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
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
$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 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%
$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
NOI $216,817 @ 7.0% cap · market cap 3.74%
Second Best
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,802 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$4.60M
$4.02M – $5.36M
NOI $321,754 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Explore this area
Business Placement
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
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
