(EDITOR’S NOTE: According to public records, the seller is an entity that is affiliated with aerospace company Sonfarrel Aerospace, also known as Son-Aero. The buyer is an entity that shares an address with Craig Realty Group.)
ANAHEIM, Calif. – January XX, 2024– CBRE Investment Properties’ Anthony DeLorenzo, Gary Stache, Bryan Johnson and Nick Williams, along with Keith Greer, negotiated the $18.5 million sale of 3000 – 3010 East La Jolla Street, a two-building industrial complex totaling 88,128 sq. ft., on behalf of a Southern California-based private seller.
“This sale reflects the continued strong demand for well-located industrial properties in Southern California,” said Mr. DeLorenzo, vice chairman at CBRE. “The asset drew strong demand from a diverse buyer pool, ultimately transacting at a 4.9% cap rate.”
The two one-story buildings are on East La Jolla Street between North Kraemer Blvd and South Melrose Street in Anaheim. The building at 3000 East La Jolla is 50,128 sq. ft. and the second building at 3010 East La Jolla is 37,128 sq. ft. 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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
