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3/23/17
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In a recent Orange County industrial sales comp, Calara Properties LLC paid $3.79 mil for a 19.7k sf ($192/sf) warehouse property in Tustin. The seller was Healing Word International.
Built in 1978, the property is located at 14281 Chambers Rd. It is a freestanding concrete-tilt-up structure with 18’ clear height, four grade-level doors and one dock-high door. Refurbished 2002, it features an 8.1k sf, two-story office and R&D area.
The property sits on a 1.13 acre land parcel and is situated within minutes to The Market Place and The District at Tustin Legacy. It was fully vacant at the time of the sale.
NAI Capital’s JR Williamson represented the buyer. According to Williamson, the property will be repositioned as a new lease opportunity offering 9k sf – 10k sf space options.
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