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
$11,300,000
$97/SF
Building Size
115,929 SF
Asset Type
Industrial
Closing
Dec 22, 2023
AI
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
Santa Ana Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93