Harbor Warner Business Center, Santa Ana

December 15, 2023

Address: 2525 S. Harbor Blvd. & 3720-3752 W. Warner Ave., Santa Ana

Description: 38,643 Sq. Ft. Multi-Tenant Business Park (Harbor Warner Business Center)

Seller: Rexford Industrial (Represented)

Buyer: A Private Investment Fund (Represented)

Assignment: Identify a Buyer for a centrally located multi-tenant industrial park in Santa Ana, California with in-place rents that were significantly below market. The low in-place income created a significant challenge to secure financing in light of aggressive interest rate increases and a highly volatile capital market.

Result: In spite of the recent increase in interest rates and capital market volatility, the Hefner Team generated multiple offers to purchase and identified a private investment group who closed all cash in a thirty (30) day escrow. The Hefner Team represented the Seller, Rexford Industrial, a publicly traded REIT, and the Buyer, a private investment fund, in the transaction.

Total Value of the Transaction:  $11,275,000