1000 Grand AveSanta Ana, CA 92705

Property Details for 1000 Grand Ave

Year built

1961

Lot size

1.59 AC

Property size (Sq ft)

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.

• Alternative Use

  Use

  Valuation

  Residential

  $9,857,174

  Hospitality

  $9,029,118

  Educational

  $7,512,120

  Medical

  $7,770,474

  Retail

  $11,685,520

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7359

Longitude

-117.851

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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