News Summary
A 26,321-square-foot industrial building on Chemical Lane in Huntington Beach has been sold for $8.3 million. The fully leased property, which is occupied by Beach Wire & Cable, includes office space and a secure yard. This sale highlights the limited availability of coastal industrial properties in Orange County, making it an attractive investment opportunity. Experts are forecasting continued interest in such properties as demand rises and inventory dwindles in the area.
Huntington Beach Industrial Building Sold for $8.3 Million
A 26,321-square-foot industrial building located at 15881 Chemical Lane in Huntington Beach has been sold for $8.3 million. The seller, Barry S. Jaffe, completed the transaction with a buyer who remains undisclosed at this time.
The property is currently fully leased to Beach Wire & Cable, a wholesaler specializing in communications products and equipment for data, security, and voice installations. The secured facility was established in 1977 and spans across 1.2 acres.
Building Features and Strategic Location
This industrial building includes 4,689 square feet of office space and features a secured yard offering additional storage. The warehouse has clear heights ranging from 17 to 21 feet, five grade-level doors, one dock position, and convenient truck access, making it a versatile space for various industrial activities.
According to experts, this transaction underscores the scarcity of coastal industrial properties in Orange County. With limited inventory and few new developments occurring, opportunities for ownership in this desirable area are increasingly rare.
Market Insights
The property boasts a short-term Weighted Average Lease Term (WALT) with rental rates that are significantly below the market value, making it a particularly attractive investment for potential buyers. Its strategic proximity to major ports further enhances its investment appeal.
The transaction was facilitated by a team from CBRE, which included Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, Harry Su, Eric Cox, and Mike Longo.
Background Context
The industrial sector in Huntington Beach and the larger Orange County area is experiencing unique trends marked by declining inventory and rising demand. Industrial properties near coastal regions hold significant value due to their connection to major shipping ports and logistics networks, which are crucial for businesses engaging in trade and transportation. As the demand for warehouse space increases in Southern California, properties that combine office and industrial space are expected to gain further interest from investors and businesses alike.
This sale highlights the ongoing trends in coastal industrial real estate, where property values are projected to continue rising as available inventory shrinks. As such, investors are being urged to closely watch the market for valuable opportunities such as this distinct Huntington Beach facility.
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Additional Resources
- Orange County Business Journal: Huntington Beach Warehouse Sells for $8.3M
- OC Register: 18-Unit Apartment Complex in Surf City Fetches $7.4 Million
- LA Times: Energy Company Seeks to Convert Huntington Beach Oil Parcel
- OC Register: Luxury Aircraft Seat Maker Elevate Expanding in Huntington Beach
- Orange County Business Journal: Elevate Aircraft Seating Leases 280,000 Square Feet
- Wikipedia: Huntington Beach
- Google Search: Huntington Beach real estate
- Google Scholar: Huntington Beach industrial properties
- Encyclopedia Britannica: Huntington Beach
- Google News: Huntington Beach real estate news
Author: STAFF HERE HUNTINGTON BEACH
The Huntington Beach Staff Writer represents the experienced team at HEREHuntingtonBeach.com, your go-to source for actionable local news and information in Huntington Beach, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Huntington Beach Surf City USA Marathon, the U.S. Open of Surfing, Fourth of July celebrations at the Huntington Beach Pier, and community festivals at Huntington Beach Central Park. Our coverage extends to key organizations like the Huntington Beach Chamber of Commerce and Visit Huntington Beach, plus leading businesses in retail, hospitality, and outdoor recreation that drive the local economy. As part of the broader HERE network, including HEREAnaheim.com, HERECostaMesa.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
