Final touches are underway on the Beckman Business Center, Orange County’s lone industrial development, which is slated for completion this month.
The project is strategically located at the corner of Harbor Blvd and Lambert Road in Fullerton, features 7 state-of-the-art industrial buildings totaling over 934,754 square feet, and a fully remodeled office building that was once part of the former Beckman Coulter campus.
Activity on the project, owned and built by Western Realco, has been robust as expected, given the critical shortage of quality industrial buildings throughout Orange and Los Angeles counties. Buildings 5 and 7 at 78,523 square feet and 105,322 square feet, respectively, are the only buildings still available for sale.
They are also the only true Class A industrial buildings offered for sale in all of Orange County, and there are no additional projects in the planning stage intended for buildings in this size range. So, it could be the last opportunity to acquire first generation inventory for years to come. Low fixed-rate financing is still available for up to 25 years with down payments as low as 10%, making this a rare owner/user acquisition opportunity.
Buildings 1, 2, 3, 4 and 6, totaling ranging in size from 41,891 to 309,439 square feet, are all pre-sold to investors who will be offering the buildings for lease only. That high level of interest from some of the nation’s largest institutional property investors makes clear the ongoing imbalance of supply and demand in the industrial sector that has driven lease rates to record highs.
These properties have excellent potential for e-commerce, last-mile distributors and a wide variety of other industrial uses. All 7 industrial buildings in the project feature ESFR sprinkler systems, 30-32-foot clear height, true dock-high loading and generous truck courts for ease of access.
If you would like to learn more about this last-of-its-kind opportunity, give us a call. We are here to help.