NAI Capital Completes User Sale of 15,600 SF Warehouse in Santa Ana, CA
Irvine, CA, Tuesday, May 16, 2017– J.R. Williamson, senior vice president with NAI Capital completed the sale of a 15,600 square foot single-tenant industrial building in Santa Ana, Calif. Williamson, represented the seller Alton Street LLC. The buyer was NJTL, LLC. The total sale price was $2,850,000 or $183 per square foot.
The property is located at 320 E. Alton Avenue. It is a free standing industrial warehouse built in 1971, situated on a 28,140 square foot lot located on the east side of Santa Ana within the greater John Wayne Airport area. The property is centrally located with excellent access to the 55 and 5 freeways, only a few minutes to John Wayne Airport and the South Coast Plaza metro area. At the time of the sale the building was 100% vacant and will be occupied by the buyer.
Williamson said, “This sale is indicative of what is going on in the market. A shortage of industrial product for sale and strong user demand is pushing up prices. Currently, we are able to sell well located industrial properties at a premium. My client is very happy with the outcome of this sale.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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