Steven L. Craig's Craig Realty Group Acquires Industrial Complex In Anaheim For $18.5M

An industrial complex located at 3000-3010 East La Jolla Street in Anaheim has been sold for $18,500,000. The complex spans 88,128 square feet and was sold at a price per square foot of $210. Situated along the Anaheim technology corridor, the complex is fully occupied by Sonfarrel Aerospace (Son-Aero), a Southern California-based private seller.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,500,000
• Square Footage: 88,128 sq. ft.
• Address: 3000-3010 East La Jolla Street, Anaheim
• Market: Anaheim

The sale of the industrial complex was brokered by CBRE Investment Properties, with Anthony DeLorenzo leading the deal. The buyer, Steven L. Craig, represents Craig Realty Group. On the other hand, the seller, Jeff Greer, is associated with Sonfarrel Aerospace. Additional brokers involved in the transaction include Bryan Johnson, Gary Stache, Keith Greer, and Nick Williams, all from CBRE.

This successful transaction resulted in a 4.9% cap rate for the private seller. Sonfarrel Aerospace will continue to occupy the industrial complex, ensuring its full utilization along the Anaheim technology corridor.