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10542-10572 Stanford Ave. Gdn Grv Garden Grove, CA 92840

Sponsored
For Sale
$5,100,000

16,000 SF Multi-Tenant Industrial Complex

Property size:
16,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
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 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

HighLights

  • 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.
  • Asking price: $5,100,000 ($318.75/SF building, $68/SF land).
  • Large paved & fenced yard, five grade‑level doors, separately metered units, short‑term leases, and Adaptive Re‑use (AR) zoning.
  • Includes recent ALTA survey and Phase 1 environmental report.
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

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.
More about this property
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