10542-10572 Stanford Ave
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10542-10572 Stanford Ave
16,000 SF Industrial Building Garden Grove, CA 92840 $5,100,000 ($319/SF) 7.69% Cap Rate
Investment Highlights
- (4) 4,000 SF Free-standing Buildings
- Large Yard
- Month to month Leases (verify)
- Flexible Zoning allows for Development Potential
- Investment or Owner/User Potential
Executive Summary
BACK ON THE MARKET 10/15/24
For Sale $5.1MM ($500k price reduction on 10/15/24)
Price/sf Bldg: ~$319/sf
Price/sf Land: ~$68/sf
Pro-Forma Cap Rate: ~7.69%
Pro-Forma Annual NOI: ~$392,418
Current Occupancy: 10562 & 10572: Month to Month (tenant eviction in process) | 10542: Month to month | 10552: Vacant | Rear Yard (16,850 sf): Vacant
Total Land Area = +/- 75,156 SF (+/- 1.725 Acres) -- recent ALTA Survey completed
ALTA Survey, Phase 1 Report, etc. complete (request from Broker)
Possible redevelopment possible with in place income (short-term leases)
P R O P E R T Y F E A T U R E S
• Four (4) 4,000 SF Freestanding Industrial Buildings totaling +/- 16,000 SF on +/- 1.725 Acres
• Large Paved & Fenced Yard
• Short-term Leases in place allowing for Buyer flexibility – 10552 Stanford & Rear Fenced Yard area (16,850 sf) vacant (call broker for details)
• Separately metered units (confirm)
• Five (5) GL Doors
• Warehouse Clearance of +/- 10-14’
• Zoning: Adaptive Re-use (AR) and Land Use (Industrial/Residential Mixed Use 2) allows for flexible Industrial, Commercial & Residential Development (verify with City)
• Parcel #: 089-080-33
For Sale $5.1MM ($500k price reduction on 10/15/24)
Price/sf Bldg: ~$319/sf
Price/sf Land: ~$68/sf
Pro-Forma Cap Rate: ~7.69%
Pro-Forma Annual NOI: ~$392,418
Current Occupancy: 10562 & 10572: Month to Month (tenant eviction in process) | 10542: Month to month | 10552: Vacant | Rear Yard (16,850 sf): Vacant
Total Land Area = +/- 75,156 SF (+/- 1.725 Acres) -- recent ALTA Survey completed
ALTA Survey, Phase 1 Report, etc. complete (request from Broker)
Possible redevelopment possible with in place income (short-term leases)
P R O P E R T Y F E A T U R E S
• Four (4) 4,000 SF Freestanding Industrial Buildings totaling +/- 16,000 SF on +/- 1.725 Acres
• Large Paved & Fenced Yard
• Short-term Leases in place allowing for Buyer flexibility – 10552 Stanford & Rear Fenced Yard area (16,850 sf) vacant (call broker for details)
• Separately metered units (confirm)
• Five (5) GL Doors
• Warehouse Clearance of +/- 10-14’
• Zoning: Adaptive Re-use (AR) and Land Use (Industrial/Residential Mixed Use 2) allows for flexible Industrial, Commercial & Residential Development (verify with City)
• Parcel #: 089-080-33
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Signage
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 089-080-33 | Improvements Assessment | $135,793 |
| Land Assessment | $192,209 | Total Assessment | $328,002 |
PROPERTY TAXES
Parcel Number
089-080-33
Land Assessment
$192,209
Improvements Assessment
$135,793
Total Assessment
$328,002
zoning
| Zoning Code | Adaptive Re-use (AR) (Adaptive Re-use (AR) and Land Use (Industrial/Residential Mixed Use 2) allows for flexible Industrial, Commercial & Residential Development) |
| Adaptive Re-use (AR) (Adaptive Re-use (AR) and Land Use (Industrial/Residential Mixed Use 2) allows for flexible Industrial, Commercial & Residential Development) |
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10542-10572 Stanford Ave
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