Updated Jan 23, 2026
Levi Cohen Of Warespace Acquires Industrial Asset From McDonald Packaging For $31.8M In Santa Ana
2601 South Garnsey Street
$31,800,000
$260/SF
Building Size
122,000 SF
Asset Type
Industrial
Closing
Jan 21, 2026
About this deal
AI
An industrial property located at 2601 South Garnsey Street in Santa Ana has been sold for $31,800,000. The asset encompasses a total of 122,000 square feet, translating to a price per square foot of $261. The property previously belonged to McDonald Packaging.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,800,000
- Square Footage: 122,000 SF
- Price Per Square Foot: $261
- Buyer: Levi Cohen - Warespace
- Seller: McDonald Packaging
- Brokers: Chip Wright & Ross Fippinger - CBRE
Levi Cohen of Warespace has acquired the property, marking their first location in California. The plan includes renovating the 45-year-old building into 110 small-business units with flexible leases, aimed at local entrepreneurs to create a coworking-style model in Southern California's industrial space.
On the Map
$31,800,000
$260/SF
Industrial
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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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93