Wilbur Smith III Of Greenlaw Partners Acquires Industrial Property In Anaheim For $14.5M
5472 East La Palma Avenue
$14,500,000
$374/SF
Building Size
38,753 SF
Asset Type
Industrial
Closing
May 1, 2026
AI
Greenlaw Partners acquired an industrial property located at 5472 East La Palma Avenue in Anaheim for $14,500,000. The asset spans 38,753 square feet, marking a significant transaction in a supply-constrained market characterized by rising vacancy and new supply trends. The price per square foot for this transaction is $374.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,500,000
- Buyer: Wilbur Smith III - Greenlaw Partners
- Seller: NexGen HVAC & Plumbing
- Square Footage: 38,753
- Price Per Square Foot: $374
- Market: Anaheim
Wilbur Smith III represented Greenlaw Partners in this acquisition, while NexGen HVAC & Plumbing was the seller, providing a distinct investment opportunity amidst recovering leasing activity in Orange County.
Anaheim 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93