1000 Grand Ave Santa Ana, CA 92705
- Industrial properties
- 31,310 SF
- 1.59 lot acres
Current Use by Public Records
- Quincy Compressor Direct / Air Compressor Supplier / Store
- Atlas Copco Rental 844 / Construction Equipment Supplier / Equipment Rental Agency
- Atlas Copco Power Technique Service Center Santa Ana / Air Compressor Repair Service
- Atlas Copco Rental / Equipment Rental Agency / Industrial Equipment Supplier
Property Details for 1000 Grand Ave
- Year built
- 1961
- Lot size
- 1.59 lot acres
- Property size
- 31,310 SF
- Property type
- Industrial properties
- APN
- 011-262-15
- APU
- 1126215
Description
This exceptional investment opportunity presents a 31,680-square-foot, single-story industrial distribution warehouse situated on a 2.91-acre lot in Santa Ana, California. The property boasts a 7.25% cap rate and is offered at $11,234,000. It features four loading docks and a 12-foot ceiling height. The property is net-leased with a multi-tenant occupancy, providing a stable income stream with annual rent increases averaging approximately 3.5% per year. The ground lease has 36 years remaining, offering long-term security. Located at 1000 S Grand Ave, 92705, this asset benefits from its strategic location within Orange County's thriving industrial market, characterized by extremely low vacancy rates and significant projected rent growth. The property's proximity to major freeways (I-5/SR55, I-405, and SR-73), John Wayne Airport, and Santa Ana's Metrolink station ensures excellent accessibility. The surrounding area offers a high quality of life, with access to numerous amenities, including beaches, shopping, dining, and entertainment options. This presents a compelling value-add proposition due to the current in-place blended rent of $2.35/SF NNN and the potential for accelerated rent growth in the highly sought-after Orange County market. The property's strong tenant base, comprised of established companies in critical last-mile services, further enhances its investment appeal. The weighted average lease term (WALT) of approximately 6.2 years provides a predictable and durable cash flow for the foreseeable future. This is a rare opportunity to acquire a well-positioned, high-performing industrial asset in one of the nation's top investment markets.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.851
- Latitude
- 33.7359
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
