20,060 SF Warehouse for Rent in Santa Ana, CA

Warehouse Description

This industrial building is a 150,000-square-foot property with 5 acres of land. It boasts precast concrete tilt-up walls, steel framing, and a concrete floor, along with a 32-foot clear ceiling height. For loading and unloading, there are 12 loading docks with levelers and seals, and 4 drive-in doors. Ample parking is available with 100 car parking spaces.

The building is equipped with an ESFR sprinkler system, LED lighting, dock-high and grade-level access, heavy power supply, 24/7 security, and on-site management. Located in the heart of an industrial district, it offers easy access to major highways and interstates, and is close to public transportation and other amenities.

Currently leased to a single tenant, the lease will expire on December 31, 2023. The tenants have expressed interest in staying long-term and are currently in their final year of an extension option. After the lease expires, there is potential for owner use.

The building is situated in a Green Zone, meaning the tenant's current use is distribution/manufacturing, with over $3,000,000 in upgrades invested in the property. In-place NNN lease rates for the remainder of 2023 place the property at a 7.44% cap.

The asking rent is $7.50 per square foot, NNN, while the asking sale price is $12,000,000. Both are negotiable. The property is available immediately.