RARE ORANGE COUNTY COASTAL INDUSTRIAL OPPORTUNITY
* COASTAL OC INDUSTRIAL | Great opportunity to acquire an industrial facility in Huntington Beach, California. With limited inventory and lack of new deliveries, new ownership opportunities are rare.
* FUNCTIONAL FACILITY | The offering consists of 26,321 SF with 4,689 SF (18%) office buildout, secured yard with additional storage area, clear heights ranging from 17’ to 21’, five (5) grade level doors and easy truck access on 1.25 acres of land.
* RECENT IMPROVEMENTS | Current ownership has completed a variety of improvements including recent roof replacement, exterior work, HVAC improvements, and more.
* FLEXIBLE INVESTMENT OPPORTUNITY | The property is currently leased to Beach Wire & Cable, a distributor of communication products, who has been at the property for nearly 30 years. The tenant has 2 years remaining on their lease providing new ownership with flexible investment scenarios.
EXCEPTIONAL MARKET FUNDAMENTALS
* TOP INVESTMENT MARKET | Orange County is the top investment market in the Americas in 2024 among investors, reflecting the county’s strong absorption, low vacancy and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
* TIGHT MARKET FUNDAMENTALS | Orange County has one of the tightest industrial markets in the country, with a vacancy of 2.9% in 3Q24 (1.6% vacancy in Huntington Beach). Investors and owner-users entering the Orange County industrial market face an incredible challenge, with limited options despite growing demand.
* STRONG PROJECTED GROWTH | According to CBRE Econometric Advisors, OC is projected to add 72,000 new jobs over the next 5 years. Orange County’s industrial rent growth is projected to be among the highest in the country, at more than ±30% over the same time period.
STRATEGIC COASTAL LOCATION WITH EXCELLENT ACCESS TO THE PORTS
* COASTAL LOCATION | Huntington Beach offers an irreplaceable coastal location that is centrally located between Orange and Los Angeles Counties, well-served by an extensive freeway network leading to nearby Ports of Long Beach/Los Angeles.
* PORT ACCESS | Port of Los Angeles and Port of Long Beach are 1 and 2 busiest ports respectively in the United States, and together are consistently ranked in the top 15 in the world in container volume. They sustain a critical economic ecosystem that facilitates 1 out of every 9 jobs in Southern California.
* COASTAL AMENITIES | Surrounding executive enclaves (Sunset Beach, Naples, Belmont Shore, Newport Beach) and workforce housing offers a diversity of residential amenities for users/tenants and their employees. Nearby Westminster and Bella Terra Malls highlight an abundance of surrounding retail offerings that also include renowned 2nd Street, Seal Beach Marina, and Huntington Beach’s Pacific City, in addition to some of the nation’s best beaches.