Another industrial property in Southern California has recently been placed up for sale. According to a marketing brochure from CBRE, a 95,732 square foot industrial property in Anaheim has been listed for sale with pricing guidance at $32 million, or about $334 per square foot.
The property is marketed by CBRE’s Keith Greer, Ben Seybold, Sean Ward and Joshua Samuels.
Located at 3140 E Coronado St., the property is currently owned by an entity that shares an address with TTM Technologies, according to public records. The manufacturing company is also located at the building.
The property totals 5.19 acres and offers three grade-level doors, eight dock-high doors and fenced yard area. The marketing brochure also indicates that the property could potentially serve an owner-user.
The property is situated near the 91, 57 and 55 Freeways and is surrounded by a mix of primarily commercial buildings, including office, industrial and retail assets.
Overall, the Orange County industrial market has been performing well, with vacancies remaining low at just one percent, according to a third quarter industrial market report from CBRE. However, the report showed that a majority – about 40 percent- of all leases signed in the region have been from renewals. In general, Orange County saw about 325,000 square feet of net absorption. Average rental rates in the market have also increased slightly to $1.75 per square foot per month.
