Freestanding Multi-Story Office
5405 Garden Grove Blvd Westminster, CA 92683
For Sale
Contact for pricing
Freestanding, multistory office building offering the ability to occupy up to 123,356 square feet.
Property Size35,169 SF
Price / SF$297.82
Days on Market147
Property Features for 5405 Garden Grove Blvd
General Information
- Standard status
- Active
- Size
- 35,169 SF
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing Agency:
Lee & Associates - Newport Beach
(714) 335-1224
Listed By:
Ethan Davidson · License #01197433
Source:
Crexi
Added: Feb 26
Changed: Jul 23
Last Checked: Jul 23 at 10:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Newport Beach
Investment Insights
Based on property information with market context.
Lee & Associates is pleased to present 5405 Garden Grove Boulevard, a freestanding, multistory office building positioned for an owner-user. The property totals 35,169 square feet and is being marketed with the ability to deliver large contiguous blocks of space, supporting up to approximately 123,356 square feet for an occupant.
The building is located in Westminster, California at the convergence of the 405 and 22 Freeways, providing direct accessibility to both Los Angeles and Orange County labor pools.
For buyers seeking an office property that can accommodate an owner-occupied footprint while controlling occupancy costs through contiguous space delivery, this offering presents a straightforward platform for long-term use.
The building is located in Westminster, California at the convergence of the 405 and 22 Freeways, providing direct accessibility to both Los Angeles and Orange County labor pools.
For buyers seeking an office property that can accommodate an owner-occupied footprint while controlling occupancy costs through contiguous space delivery, this offering presents a straightforward platform for long-term use.
Key Highlights
- Freestanding, multistory office building offering the ability to occupy up to 123,356 SF
- Year built: 1981
- Positioned at the convergence of the 405 and 22 Freeways for access to Los Angeles and Orange County labor pools
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.05M | $29.88 |
| − Vacancy | −$128.7k | −$3.66 |
| EGI | $922.1k | $26.22 |
| − OpEx | −$230.5k | −$6.55 |
| NOI | $691.6k | $19.66 |
35,169 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.88M
$8.64M – $11.53M
NOI $691,590 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.81M
$10.34M – $13.78M
NOI $826,879 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Continuum Clinics
Medical Clinic
Bright Breeze Air
HVAC Service
Zim American Integrated
Shipping Company
Sun Engineering Services
Engineering Consultant
Express Delivery Courier ...
Logistics Company
FAQs
What type of property is this?
Office building - Freestanding, multistory office building offering the ability to occupy up to 123,356 square feet.
Where is this office building located?
The property is located at 5405 Garden Grove Blvd Westminster, CA.
What is the asking price?
The asking price for this property is $10,474,000.
What are key features of this property?
This property features: Freestanding, multistory office building offering the ability to occupy up to 123,356 SF; Year built: 1981; Positioned at the convergence of the 405 and 22 Freeways for access to Los Angeles and Orange County labor pools
