Levi Cohen Of Warespace Acquires Industrial Asset From McDonald Packaging For $31.8M In Santa Ana

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.