Unrivaled Brands Sells Santa Ana Industrial Property for $13.4 Million
Unrivaled Brands sells 620 E. Dyer Road, a Santa Ana industrial property, for $13.4 million.
Unrivaled Brands, a cannabis company based in Santa Ana, has sold a 91,000-square-foot industrial property located at 620 E. Dyer Road for $13.4 million. The buyer has not been disclosed.
The property was marketed by Frank Knuettel II of Unrivaled Brands and sold by the same entity. The sale price of 13.4 million represents a price per square foot of 147.25.
The property is located in the Santa Ana industrial market, which has seen strong demand for industrial space in recent years. The property features 24-foot clear height, 10 dock-high loading doors, and ample parking. The property is currently leased to a single tenant, but the lease will expire in the near future.
The buyer of the property is likely an industrial investor looking to capitalize on the strong demand for industrial space in the Santa Ana market. The sale of this property is indicative of the continued strength of the industrial market in Orange County.
The brokers involved in the transaction have not been disclosed. However, given the size and complexity of the deal, it is likely that multiple brokers were involved in the transaction.
Overall, the sale of 620 E. Dyer Road is a significant transaction in the Santa Ana industrial market. The sale price of $13.4 million represents a strong price per square foot, and the property’s location and features make it an attractive investment for an industrial investor looking to capitalize on the strong demand for industrial space in the area.