10542-10572 Stanford Ave. Gdn GrvGarden Grove, CA 92840

Property Details for 10542-10572 Stanford Ave. Gdn Grv

Year built

1954

Lot size

1.73 AC

Property size (Sq ft)

16,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

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.

Location Insight

City

Garden Grove

County

Orange

State

California

Latitude

33.7774

Longitude

-117.949

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