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2222-2308 W 2nd St 24,426 sq ft 100% Let Industrial Property Santa Ana, CA 92703 £5,085,235 (£208.19/sq ft) 6.50% Net Initial Yield

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INVESTMENT HIGHLIGHTS

100% NNN Leased (15 Units): 6.50% Cap Rate
15 units ranging from 975 SF to 4,401 SF.

New Roof- TPO 60-mil (20 yr Product)

EXECUTIVE SUMMARY

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 6.50% Cap Rate. The Net Operating Income (NOI) is $445,280.52
Investment Highlights:
* Sale Price: $6,850,000 ($280 psf)
* Total Area: 24,426 square feet
* 100% Leased (15 Units)
* Cap Rate: 6.50%
* NOI: $445,280.52
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

2222-2308W_2ndSt_brochure_30 (2)

PROPERTY FACTS

Price	£5,085,235	Total Plot Size	0.90 ac
Price per sq ft	£208.19	Net Internal Area (NIA)	24,426 sq ft
Sale Type	Investment	No. Floors	1
Yield	6.50%	Year Built	1965
Property Type	Industrial	Eaves Height	12 ft
Property Subtype	Service	No. Drive In / Grade-Level Doors	20
Costar Property Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class	M1 - Light Industrial

Price	£5,085,235
Price per sq ft	£208.19
Sale Type	Investment
Yield	6.50%
Property Type	Industrial
Property Subtype	Service
Costar Property Class	C
Total Plot Size	0.90 ac
Net Internal Area (NIA)	24,426 sq ft
No. Floors	1
Year Built	1965
Eaves Height	12 ft
No. Drive In / Grade-Level Doors	20
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class	M1 - Light Industrial

Skylights

Lighting - Fluorescent
Water - City
Sewer - City

1 1

Walk Score®

Easily Walkable (86)

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PROPERTY TAXES

Parcel Numbers	Multiple 007-362-12 007-362-34 007-362-13 007-362-32	Improvements Assessment	£421,476
Land Assessment	£3,288,472	Total Assessment	£3,709,948