SOLD

531 AIRPARK DRIVE

100% Leased Long Term, 82,474 Square Feet

531 Airpark Drive | Fullerton, California


INVESTMENT SUMMARY

  • A+ Location
  • Absolute Net Lease
  • Highly Functional Infill Industrial Features
  • 100% Leased Long Term
  • Extraordinarily Strong Industrial Fundamentals

Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer for sale 531 Airpark Drive (“the Property”), a 100% leased industrial manufacturing and distribution building totaling 82,474 square feet located in Fullerton, California. Situated on 3.67 acres, the Property is leased long term to WS Packaging Group through July 2027. This opportunity is being offered unpriced on an “as-is” basis for the fee interest in the building and land thereunder.

This offering is a highly attractive opportunity to acquire a fully leased industrial asset in the North Orange County submarket, one of the most sought after infill industrial markets in the nation.



 

“A+” Location

Strategically located less than three miles northeast of the I-5 and SR-91 freeway interchange, the Property boast one of the top logistical locations in Southern California with direct access to all the major freeways. Additionally, just 25 minutes to the west of the Property are the Ports of Long Beach and Los Angeles, the largest port complex in North America.

Absolute Net Lease

The current lease is structured as an absolute net lease. Additionally, there are annual rent escalations and the tenant is responsible for repair, maintenance and replacement costs.

Highly Functional Infill Industrial Features

The building has exceptional industrial features including heavy power, ample dock high loading, and multiple points of ingress/egress to the Property.

100% Leased Long Term

The Property is 100% leased through July 2027 to WS Packaging Group. WS Packaging Group is one of the largest printing and label converting operations in North America with more than 45 years of experience.

Extraordinarily Strong Industrial Fundamentals

With a Q2 2017 vacancy rate of just 1.6%, industrial rents in the North Orange County submarket are up more than 8% year-over-year. The current vacancy rate for Fullerton is 2.6%, down 130 bps from mid-year 2016.


 

 

Investment Advisors

Jeff Chiate
Executive Managing Director
949.930.9234
jeff.chiate@cushwake.com
License 01040222

Rick Ellison
Executive Managing Director
949.930.9231
rick.ellison@cushwake.com
License 01196428

Jeffrey Cole
Executive Managing Director
949.955.7652
jeff.cole@cushwake.com
License 00833681

Ed Hernandez
Director
949.930.4380
ed.hernandez@cushwake.com
License 01048813

 

Mike Adey
Senior Associate
949.930.4376
mike.adey@cushwake.com
License 01921139

Nico Napolitano
Associate
949.955.7642
nico.napolitano@cushwake.com
License 01962860

 

Market Advisor

Randy Ellison
Director
949.930.4372
randy.ellison@cushwake.com
License 01469586