facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$31,800,000
Chip Wright
Ross Fippinger

California

See Similar Deals
Industrial122,000 SF
Sold 01/21/2026
the dealplayerscompscontact
Property Image
SOLD

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

2601 South Garnsey Street

See Similar Deals
Industrial122,000 SF
Sold 01/21/2026
Chip Wright
Ross Fippinger
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$260
Total Square Footage:122,000 SF
Transaction Type:Sale

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.

Players

Chip Wright
CBRE
Chip Wright
4 deals$11M volume(949) 725-8526
BROKER
Ross Fippinger
CBRE
Ross Fippinger
3 deals$16.6M volume(949) 266-7476
BROKER

Details

SOLD
IMAGE: Levi Cohen, Chip Wright & Ross Fippinger DATE: 01/21/2026 ADDRESS: 2601 South Garnsey Street MARKET: Santa Ana ASSET TYPE: Industrial BUYER: Levi Cohen - Warespace (@WareSpaceCo) SELLER: McDonald Packaging BROKERS: Chip Wright & Ross Fippinger - CBRE (@CBRE) SALE PRICE: $31,800,000 SF: 122,000 ~ PPSF: $261 NOTE: WareSpace purchased a 122,000 SF warehouse at 2601 South Garnsey St., Santa Ana, from McDonald Packaging for $31.8M ($260/SF), marking its first California location.The company plans to renovate the 45-year-old building into 110 small-business units with flexible leases, targeting local entrepreneurs and bringing a coworking-style model to Southern California industrial space.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,696,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$112,978.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$150,748.22
Annual Debt Service$1,808,978.68