Four Freestanding Industrial
10542-10572 Stanford Ave. Garden Grove Garden Grove, CA 92840
10542-10572 Stanford Ave. Garden Grove, Garden Grove, CA, 92840
Contact for pricing
For Sale
Contact for pricing
Four industrial buildings totaling 16,000 SF on 1.725 acres.
Property Size16,000 SF
Lot Size1.73 Acres
Price / SF$318.75
Days on Market891
Property Features for 10542-10572 Stanford Ave. Garden Grove
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 1.73 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1954
Listing Agency
Ashwill Associates Commercial Real Estate
(714) 456-0500
Listed by
Kyle Williams · License #CA 02015940
Source
Crexi
Added: Feb 6, 2024 Checked: Jul 16 at 6:55 am
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 Ashwill Associates Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for sale is a property featuring four freestanding industrial buildings totaling approximately 16,000 square feet, situated on approximately 1.725 acres. The property includes a large paved and fenced yard. There are short-term leases in place. One unit, 10552 Stanford, and the rear fenced yard area, comprising 16,850 square feet, are vacant. The buildings feature separately metered units and five grade-level doors. Warehouse clearance ranges from approximately 10 to 14 feet. The zoning is Adaptive Re-use (AR) and Land Use (Industrial/Residential Mixed Use 2), allowing for flexible industrial, commercial, and residential development. The total land area is approximately 75,156 square feet. Redevelopment is possible with in-place income. The current occupancy includes month-to-month leases for 10562 and 10572, with tenant eviction in process, and 10542 is also month-to-month.
Key Highlights
- Significant Price Reduction: $500k reduction, now $5.1MM
- High Pro‑Forma Cap Rate: Approximately 7.69%
- Redevelopment Potential: Zoning allows flexible Industrial, Commercial & Residential Development
Local Financial Insights For Warehouse
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 | $305.3k | $19.08 |
| − Vacancy | −$15.3k | −$0.95 |
| EGI | $290.0k | $18.13 |
| − OpEx | −$43.5k | −$2.72 |
| NOI | $246.5k | $15.41 |
16,000 SF · lease $19.08/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.52M
$3.08M – $4.11M
NOI $246,514 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$2.90M
$2.54M – $3.38M
NOI $203,011 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$5.01M
$4.38M – $5.84M
NOI $350,515 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
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FAQs
What type of property is this?
Warehouse - Four industrial buildings totaling 16,000 SF on 1.725 acres.
Where is this warehouse located?
The property is located at 10542-10572 Stanford Ave. Garden Grove Garden Grove, CA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Significant Price Reduction: $500k reduction, now $5.1MM; High Pro‑Forma Cap Rate: Approximately 7.69%; Redevelopment Potential: Zoning allows flexible Industrial, Commercial & Residential Development
