Industrial Warehouse Condo with Oversized
For Sale
Contact for pricing
950 W Central Ave, Brea, CA 92821
Corner industrial condo offers 19' minimum clear height, sprinklered space, and an included rack system.
Property Size6,344 SF
Price / SF$379.89
Days on Market74
Property Features for 950 W Central Ave
General Information
Standard status
Active
Size
6,344 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Penta Pacific Properties
(562) 699-1922
Listed By:
Douglas Wells · License #00346517
(562) 908-6012
Source:
Moodyscre
Added: Jul 1
Changed: Sep 5
Last Checked: Sep 12 at 10:04AM
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 Penta Pacific Properties
Investment Insights
Based on property information with market context.
This industrial warehouse condo features approximately 19' minimum clear height, sprinklered space, and an included rack system. The unit is configured as a corner layout and includes one oversized ground-level loading door measuring 14' by 14'. Electrical service is listed as 400A with 120/208V three-phase power.
The property is located at 950 W Central Ave in Brea, CA, with easy access to the 57 Freeway.
Additional operational features include a single large GL door and a compact industrial footprint suited to storage and distribution needs within an industrial condo setting.
The property is located at 950 W Central Ave in Brea, CA, with easy access to the 57 Freeway.
Additional operational features include a single large GL door and a compact industrial footprint suited to storage and distribution needs within an industrial condo setting.
Key Highlights
- Industrial condo corner unit with 19' minimum clear height
- Sprinklered industrial space
- Includes rack system
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
$97,332
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
4.04%
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%
$1,946,640
$1.9M
Cap Rate 7%
$1,390,457
$1.4M
Cap Rate 9%
$1,081,467
$1.1M
Market Conditions
NOI Build-Up for 6,344 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
$120.3K $18.96/SF
− Vacancy
−$5.8K −$0.91/SF
EGI
$114.5K $18.05/SF
− OpEx
−$17.2K −$2.71/SF
NOI
$97.3K $15.34/SF
Area
Orange County, CA
Vacancy
4.80%
Lease Rate
$18.96 /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%
$1,946,640
Cap Rate 7%
$1,390,457
Cap Rate 9%
$1,081,467
Alternative Uses
Best Use
Warehouse
$1.39M
$1.22M – $1.62M
NOI $97,332 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,158 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92821, CA
41,335
Population
15,232
Households
2.7
Avg Household Size
40
Median Age
49%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
2,932
Density / Sq Mi
$116,660
Median Household Income
$59,010
Median Earnings
$2,254
Median Rent
$851,800
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?
Warehouse - Corner industrial condo offers 19' minimum clear height, sprinklered space, and an included rack system.
Where is this warehouse located?
The property is located at 950 W Central Ave Brea, CA.
What is the asking price?
The asking price for this property is $2,410,000.
What are key features of this property?
This property features: Industrial condo corner unit with 19' minimum clear height; Sprinklered industrial space; Includes rack system
