Placentia Industrial Property For Sale & Lease

Placentia is found to the north of California’s Orange County. According to the 2010 U.S. Census, there were 50,533 residents at that time, making it a relatively small city. Nevertheless, there was a notable increase in the population, as it was only 46,488 in 2000. Placentia includes the Atwood community. It is a quiet city and mainly a bedroom community. It was also given the “All America City” award in 1971, which is a very prestigious award given by the National Civic League.

In 2013, a $20 million investment, which was funded in part by the Orange County Transit Authority (OCTA), was made in the Metrolink project in downtown Placentia. This is aimed at revitalizing the area and will include the construction of new homes, entertainment, retail, and mixed used properties, as well as the train station. The city is also working on the OC Bridges project together with the OCTA and the city of Fullerton, and is set to be completed this year, in 2017.

Placentia Industrial Building for Sale & Lease – Should You Buy or Lease?

If you are interested in industrial space, be that as an investment or to run a business out of, you have two major options: buying or leasing. There are pros and cons to both of these options.

Looking first at buying industrial space, the pros include the fact that:

  • Your costs are fixed, which means that there are no surprises in your budgeting.
  • You can get really good tax deductions, including property taxes and mortgage interest.
  • You can rent out some of your space, which means that you have an extra source of funds.
  • The property is likely to increase in value over time.

On the other hand, the cons include the fact that:

  • You don’t have much flexibility, which means that it is harder to adjust in the event that your business grows faster than anticipated or declines. This is because you will need to sell the property and then find another location for your business.
  • You have high upfront costs, not in the least because there is a 30% down payment on the mortgage. You will also have maintenance, appraisal, and other property costs to pay.

Your other option is to lease your industrial space, which also has clear benefits, including the fact that:

  • You can get a prime property, which is important if your public image matters.
  • You have more working capital because you don’t have to pay for a down payment.
  • You can avoid the usual problems that come with property ownership.

Downsides of leasing industrial property include the fact that:

  • Your costs will be variable, as a result of rent increases.
  • You do not build up any equity in the property, since you don’t own it.

To help choose between the two options, being aware of the trends and statistics in terms of prices, supply, and demand, can be beneficial.

Placentia Industrial Property for Sale – Trends and Statistics

  • The asking prices for industrial properties in Placentia in dollars per square foot is $222.13, which is a 2.7% increase over the past three months, and a 10.9% increase year on year. This is higher than those for the metro ($195.29) and state ($142.69) areas.
  • The index of total dollars available for industrial properties for sale in Los Angeles-Long Beach-Placentia is 28, which represents a 6.7% increase over the past three months but a 2.9% decrease year on year.
  • The index of total number of listings of industrial properties available in Los Angeles-Long Beach-Placentia is 26, which is a 7.7% increase over the past three months, and a 7.2% increase year on year.
  • The profile view index of industrial property for sale in the Los Angeles-Long Beach-Placentia metro area is 174, which is a 19.2% increase over the past three months, and a 30.9% increase year on year.
  • The index of total square feet of available industrial space for sale in the Los Angeles-Long Beach-Placentia metro area is 26, which is a 0.2% decrease over the past three months, and an 18.8% decrease year on year.

Placentia Industrial Property for Lease – Trends and Statistics

  • The asking rent for industrial properties for lease in Placentia in dollars per square foot per year is $12.93. This represents a 1.3% increase over the past three months, and a 10.1% increase year on year. This is higher than that for the state ($10.31) area and the metro ($11.75) area.
  • The index of total number of industrial spaces for lease in the Los Angeles-Long Beach-Placentia area is 34, which represents a 0.5% decrease over the past three months, and an 11.9% decrease year on year.
  • The profile view index for industrial properties for lease in the Los Angeles-Long Beach-Placentia area is 128, which is a 51.9% decrease over the past three months, and a 43.5% decrease year on year.
  • The index of total square feet of industrial space available for lease in the Los Angeles-Long Beach-Placentia area is 29, which is an 8.7% decrease over the past three months, and a 20.8% decrease year on year.