2222-2308 W 2nd St - Service FOR SALE


Santa Ana, CA 92703- Artesia Pilar
$6,850,000 USD
949-242-1065
2222-2308 W 2nd St, Santa Ana, CA for Sale
$6,850,000 USD
Service - FOR SALE
1/10
null | 6.26% Cap Rate

2222-2308 W 2nd St
Santa Ana, CA 92703
Artesia Pilar


HIGHLIGHTS

  • 100% NNN Leased
  • Three contiguous parcels
  • 15 units

OVERVIEW

100% Leased Investment Sale: 24,426 SF consisting of 15 shallow-bay industrial units ranging from 975 SF to 4,401 SF. Major $275K price reduction from $7,125,000 ($291 PSF) to $6,850,000 ($280 psf) The project is 100% leased which equates to a 6.26% Cap Rate. The Net Operating Income (NOI) as of January 2025 is $428,834.28. Investment Highlights: * Sale Price: $6,850,000 ($280 psf) * Total Area: 24,426 square feet * 100% Leased (15 Units) * Cap Rate: 6.26% * NOI (as of Jan 2025): $428,834.28 The property has been recently renovated, including the following: * New Roof- TPO 60-mil (20 yr Product) * "White-Boxed" vacant units (New Paint, LVP Office Flooring, bathroom fixtures) * New Skylights/ Security Bars * New Exterior Paint * New Interior/ Exterior LED Lighting

FOR SALE DETAILS

PRICE

$6,850,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

Lighting - Fluorescent, Water - City, Sewer - City

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

20

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9

LAND SF

39,204

ZONING

M1

APN/PARCEL ID

007-362-12,007-362-13,007-362-32,007-362-34

ASK ABOUT THIS PROPERTY

Devin RayDAUM Commercial Real Estate ServicesMore Info
949-242-1065

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Devin RayDAUM Commercial Real Estate ServicesMore Info
949-242-1065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.