There were 33 deals booked for the month of September, totaling to 109,178,020 square feet. The demand for industrial has been high with a record low vacancy rate of 2.7% in Orange County and even lower in some submarkets (CoStar, 2017).
Coming in at the top, 2701-2717 South Main in Santa Ana was recently acquired by a local value-add investor, who was represented by Skyler Serrano of Lee and Associates- Irvine. The final purchase price was $5.6 million, which is approximately $143 per square foot. The property is made up of 5 buildings, totaling 38,980 square feet and is on 2.21 acres. It has major street frontage and signage on South Main Street, is approximately two blocks from the 55 freeway, has multiple dock loading positions and a large yard area. It’s located within the C2 Zone which is very flexible and allows for many uses including automotive, warehousing, showrooms, retail, wholesale establishments and equipment yards. It is currently available for lease or sale and listed with Vice President, Skyler Serrano.
For more information on specific deals, please contact our office directly at 949.727.1200