Santa Ana, CA – August 11, 2022 – NAI Capital Commercial is pleased to announce that Executive Vice President David Knowlton and Senior Vice President Steve Ehrich with the Orange County office completed the sale of an industrial facility totaling 9,780 square feet in Santa Ana, California. David and Steve represented the seller, a trust, in the transaction. The buyer, Eberhard Equipment, was represented by Greg Diab and Jack Haley of Lee & Associates. The sale price totaled $8,600,000 or $879 per square foot.
The industrial facility is located at 2506 S Harbor Blvd within Orange County’s Central industrial submarket. Built in 1956 and refurbished in 2019 the free standing single-story industrial building features concrete tilt-up construction, a new roof, skylights, and a 10.4% building-to-land coverage ratio. The property sits on 2.15 acres and is zoned M1, Light Industrial. The site is fully fenced and paved, and the improvements are in good condition. At the time of the sale the industrial facility was 100% leased to Eberhard Equipment, a tractor dealership which has occupied the facility since 1977.
Steve said, “The strength of the industrial market combined with the properties excess land made this unique asset very desirable”
David added, “The buyer, who is also the tenant, benefitted from a long term, below market lease which resulted in a favorable sale price.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,000 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.