For Sale
$6,500,000

12235 Beach BlvdGarden Grove, CA 92841

$6.5M, 37,185 SF Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 37,185 square foot, two-story Class C office building situated on approximately 1.41 acres in Garden Grove, California. Located at 12235 Beach Blvd, zip code 92841, this multi-tenant property boasts 50 units and is currently approximately 90% occupied. The building, constructed in 1981, features a C2 zoning designation and offers ample parking at a ratio of 3.5 spaces per 1,000 square feet. All leases are three years or less, with no extension options, providing a flexible investment strategy. The asking price is $6,500,000, translating to $174.80 per square foot. This property benefits from its strategic location, a five-minute drive from the 22 Freeway, and is surrounded by new developments including multi-family, townhome, condo, apartment, and retail projects, indicating significant growth potential in the area. The sale is subject to court approval. This is a stabilized investment opportunity in a rapidly developing area.

Highlights

  • $6,500,000 asking price for a stabilized Class C office building.
  • 37,185 square feet of net rentable space in a single, two-story building.
  • $174.80 per square foot price.
  • 50 units within the building, located at 12235 Beach Blvd, Garden Grove, CA 92841.
  • Built in 1981, with C2 zoning and 3.5 parking spaces per 1,000 square feet.

Property Details for 12235 Beach Blvd

Property type
Office properties
Square Feet
37,185 SF
Class
C
Year Built
1981
Buildings
1
Stories
2
Units
50

Location Insight

City
Garden Grove
County
Orange
State
California
Latitude
33.7845331275
Longitude
-117.99306842711
12235 Beach Blvd, Garden Grove, California

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12235 Beach Blvd
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