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August 12, 2020
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American Realty Advisors Buys 144k sf OC Industrial Facility


American Realty Advisors has acquired a 143.9k sf, newly constructed industrial asset in North Orange County, California. The property, located at 1730 South Anaheim Way in Anaheim, was sold by a joint venture between Batcheller Equities and Panattoni Development Company.

The building is currently 100% occupied by one of the largest private, employee-owned electrical contractors in the U.S. It features floor-to-ceiling glass windows, modernized creative office space, a hybrid solar roof system complete with skylights and solar panels, 32’ clear heights, ESFR sprinklers, and a 2.05/1,000 parking ratio.

“We are strategically targeting core properties that have long-term leases in-place with extremely high-quality tenants and fixed annual rental increases,” says Scott Anderson, Director, Investment Group at ARA. “This asset checks all of the boxes. It is leased to an electrical contracting company through 2028 with built-in annual escalations, is located in an exceptionally strong and supply-constrained market, and features quality new construction with top-of-the-line amenities.”

In addition to its quality design, the property will benefit from its in-fill location in North Orange County and frontage along the I-5 freeway, providing visibility and immediate access to one of Orange County’s busiest thoroughfares. The building provides visibility and convenient access to the I-5, SR-55, SR-57, SR-22 and SR-91 freeways.

“North Orange County closed out the end of 2017 with an industrial vacancy of 1%, with very little new industrial development in the pipeline,” says David Hubbs, Executive Vice President, Portfolio Management at ARA. “These extremely high barriers to entry are a result of limited land availability, rising land costs and entitlement barriers, which strategically position the asset for long-term stability and growth, and will allow us to deliver strong risk-adjusted returns to investors over time.”

Bret Hardy and Jeff Read at NKF Capital Markets represented the seller in the transaction. ARA represented itself.

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