An industrial building just east of Anaheim\u2019s main industrial corridors is about to be carved into bite-size space for local businesses. Guthrie Development has bought the roughly one-acre property at 621\u2013631 S. East St. for $18.7 million and plans to convert it into small-scale industrial condominiums targeted to local manufacturers and light distributors, with delivery anticipated in late 2026.<\/p>\n
Deal And Developer Plans<\/p>\n
According to L.A. Business First<\/a>, the property, known as the Anaheim Gateway Commercentre, traded for $18.7 million. Rather than lining up tenants, Guthrie intends to sell the spaces as industrial condos to small distribution and manufacturing firms.<\/p>\n The plan is to market individual units to owner-operators and companies that want dedicated shop or last-mile space, giving them a chance to buy into a location they might otherwise only be able to lease.<\/p>\n What The City Filings Show<\/p>\n City of Anaheim planning records show an application from Guthrie East Street LLC to subdivide the existing building at 621\u2013631 S. East St. into eight airspace units under Tentative Parcel Map No. 2024-142, per the City of Anaheim staff report<\/a>.<\/p>\n The filings state that the project would keep the current building footprint intact. Instead of expanding outward, Guthrie is proposing interior tenant improvements along with restriped parking, new landscaping and a new trash enclosure.<\/p>\n Why Industrial Condos Matter Here<\/p>\n Industrial condos can give smaller manufacturers and distributors a path to ownership and more control over buildout and equipment than a typical lease scenario. Guthrie Development<\/a> has a long track record with industrial projects in Southern California, and Anaheim\u2019s tight, well-connected industrial market continues to draw smaller operators, a pattern reflected in local market data<\/a>.<\/p>\n This project aims squarely at that slice of the market, offering compact spaces that can be bought rather than leased.<\/p>\n Approvals And Timeline<\/p>\n City records show the subdivision request went before the Planning Commission in October and November 2025. Staff determined that the proposed subdivision qualifies for categorical exemptions under the California Environmental Quality Act, according to the state CEQA filing<\/a>.<\/p>\n