California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Orange County  | 

Anaheim Industrial Trades at 4.9% Cap Rate

CBRE Investment Properties’ Anthony DeLorenzo, Gary Stache, Bryan Johnson and Nick Williams, along with Keith Greer, negotiated the $18.5-million sale of 3000 – 3010 E. La Jolla St., a two-building industrial complex totaling 88,128 square feet in Anaheim, on behalf of a Southern California-based private seller. The buyer wasn’t identified.

“This sale reflects the continued strong demand for well-located industrial properties in Southern California,” said DeLorenzo. “The asset drew strong demand from a diverse buyer pool, ultimately transacting at a 4.9% cap rate.”

Sonfarrel Aerospace, an aerospace part manufacturer, has fully occupied the space since 1974 and will continue to do so after the sale. The property is located along the Anaheim technology corridor and minutes from State Route (SR) 57 and SR 91.

Read More News Stories About: CBRE
Connect

Inside The Story

CBRE's Delorenzo

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action