10542-10572 Stanford Ave. Gdn Grv Garden Grove, CA 92840
- Warehouses
- 16,000 SF
- 1.73 lot acres
Current Use by Public Records
- Warehouses
Property Details for 10542-10572 Stanford Ave. Gdn Grv
- Year built
- 1954
- Lot size
- 1.73 lot acres
- Property size
- 16,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garden Grove
- County
- Orange
- State
- California
- Longitude
- -117.949
- Latitude
- 33.7774
