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Rexford Industrial Sells Santa Ana Industrial Park For $11.3M With Voit Real Estate Services As The Broker

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SOLD
$11,300,000

California

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Industrial115,929 SF
Sold 12/22/2023
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SOLD

Rexford Industrial Sells Santa Ana Industrial Park For $11.3M With Voit Real Estate Services As The Broker

2525 South Harbor Boulevard, 3720 West Warner Avenue & 3752 West Warner Avenue

See Similar Deals
Industrial115,929 SF
Sold 12/22/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:115,929 SF
Transaction Type:Sale

The fully leased Harbor Warner Business Center, an industrial park in Santa Ana, has been sold for $11.3 million. The property, located at 2525 South Harbor Boulevard & 3720-3752 West Warner Avenue, spans across 38,643 square feet and has a price per square foot of $292.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $11,300,000
  • Square Footage: 38,643
  • Address: 2525 South Harbor Boulevard & 3720-3752 West Warner Avenue
  • Market: Santa Ana

The sale of the Harbor Warner Business Center was brokered by Mike Hefner of Voit Real Estate Services' Anaheim office. Representing both the seller, Rexford Industrial, and the private investment fund buyer, Mike Hefner ensured a successful transaction for all parties involved.

Players

Michael "Mike" Hefner
9 deals$257.4M volume
BROKER

Howard Schwimmer
Rexford Industrial
30 deals$3B volume
SELLER

Details

SOLD
IMAGE: Howard Schwimmer & Mike Hefner DATE: 12/22/2023 ADDRESS: 2525 South Harbor Boulevard & 3720-3752 West Warner Avenue MARKET: Santa Ana ASSET TYPE: Industrial SELLER: Rexford Industrial (@Rexford_Industrial) - Howard Schwimmer BROKER: Mike Hefner (@Michael.Hefner) - Voit Real Estate Services (@VoitRealEstate) SALE PRICE: $11,300,000 SF: 38,643 ~ PPSF: $292 NOTE: Voit Real Estate Services has brokered the $11.3 million sale of the fully leased Harbor Warner Business Center, an industrial park in Santa Ana, from Rexford Industrial to a private investment fund. The multi-tenant facility, spanning 38,643 square feet, was represented by Mike Hefner of Voit's Anaheim office, overseeing the transaction for both the seller and buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
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