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1/15/24
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In an Anaheim industrial trade, a two-building, 88.1k sf complex went for $18.5 mil ($210/sf). The property, located at 3000 – 3010 East La Jolla St, was sold by a SoCal-based private seller.
The two one-story buildings are on East La Jolla St between North Kraemer Blvd and South Melrose St in Anaheim. The building at 3000 East La Jolla is 50.1k sf and the second building at 3010 East La Jolla is 37.1k sf in size. Both facilities feature a dock and truck well.
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.
CBRE’s Anthony DeLorenzo, Gary Stache, Bryan Johnson, Nick Williams and Keith Greer brokered the deal. According to DeLorenzo, the transaction came in at a 4.9% cap rate.
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