10542-10572 Stanford Ave. Gdn Grv Garden Grove, CA 92840
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16,000 SF Multi-Tenant Industrial Complex
Property size:
16,000 SFProperty Features for 10542-10572 Stanford Ave. Gdn Grv
General Information
- Property type
- Distribution properties
- Square Feet
- 16,000 SF
- Class
- C
- Lot Size
- 75,141 SF
Building Details
- Year Built
- 1954
- Buildings
- 4
- Stories
- 1
- Units
- 4
Listing Agency: Ashwill Associates Listing Agent: Kyle Williams
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Garden Grove investment opportunity presents a 16,000 square foot multi-tenant industrial complex situated on a 1.725-acre lot. The property comprises four 4,000 square foot freestanding buildings, each with approximately 10-14 foot ceilings. Currently boasting 100% occupancy with four tenants, the property offers a strong cash flow with a pro-forma NOI of $392,418 and a 7.69% cap rate. The asking price is $5,100,000, translating to approximately $318.75 per square foot for the building and $68 per square foot for the land. The property features a large paved and fenced yard, five grade-level doors, and separately metered units. Short-term leases are in place, providing flexibility for the buyer. The Adaptive Re-use (AR) zoning allows for diverse development possibilities, including industrial, commercial, and residential uses. The property includes a recent ALTA survey and Phase 1 environmental report. This is a prime opportunity for investors seeking a well-located, income-producing asset with redevelopment potential in a thriving Orange County location. The property's address is 10542-10572 Stanford Ave., Garden Grove, CA 92840, with APN 089-080-33. The property was built in 1954 and features a Class C building classification. The lease type is gross, and the property is privately owned.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Map
- City
- Garden Grove
- County
- Orange
- State
- California
- Longitude
- -117.9491036
- Latitude
- 33.7774437
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FAQs
What type of property is this?
Distribution property - 16,000 SF Multi-Tenant Industrial Complex
Where is this distribution property located?
The property is located at 10542-10572 Stanford Ave. Gdn Grv 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: 16,000 SF multi-tenant industrial complex on a 1.72-acre lot in Garden Grove, CA.; Four 4,000 SF freestanding buildings, each with 10-14' ceilings.; 100% occupancy with four tenants, generating a pro-forma NOI of $392,418 and a 7.69% cap rate.
