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Garden Grove Professional Bldg 12630 Brookhurst St 8,243 SF Office Building Garden Grove, CA 92840 $3,090,000 ($374.86/SF)
INVESTMENT HIGHLIGHTS
- For Sale: Asking Price of $3,090,000 (±$375/sf).
- Building can be purchased by an owner-user, occupying space on the 2nd floor. A user occupying over 51% of the building can qualify for an SBA loan.
- ±5.24 parking stalls per 1,000 SF (five stalls are covered).
- Two-story, freestanding 8,243-SF medical and office building with no association.
- $100,000 in recent renovations.
- Restaurants and amenities are in the immediate vicinity.
EXECUTIVE SUMMARY
Two-story 8,243-square-foot medical and office building built in 1960 on a parcel totaling approximately 0.47-acres (no association).
Ground Floor:
Seller currently occupies the 3,195-SF ground floor for their dental practice and will sign a five-year lease with fixed options to renew at $7,500 Modified Gross (electric and janitorial in addition to base rent).
2nd Floor:
±1,135 SF – Leased to a general office tenant at $1,545/month FSG with annual 3% increases and expiring October 31, 2025
±3,913 SF – Vacant and can be occupied by Buyer. It is ±47% of the building, but a buyer can potentially get to 51% with a small amount of space on the first floor which qualifies for an SBA loan.
Ground Floor:
Seller currently occupies the 3,195-SF ground floor for their dental practice and will sign a five-year lease with fixed options to renew at $7,500 Modified Gross (electric and janitorial in addition to base rent).
2nd Floor:
±1,135 SF – Leased to a general office tenant at $1,545/month FSG with annual 3% increases and expiring October 31, 2025
±3,913 SF – Vacant and can be occupied by Buyer. It is ±47% of the building, but a buyer can potentially get to 51% with a small amount of space on the first floor which qualifies for an SBA loan.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
8,243 SF
Building Class
C
Year Built
1960
Price
$3,090,000
Price Per SF
$374.86
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,122 SF
Slab To Slab
9’
Building FAR
0.40
Lot Size
0.47 AC
Zoning
OP
Parking
56 Spaces (6.79 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Balcony
1 of 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 089-222-33 | Improvements Assessment | $695,883 |
| Land Assessment | $1,446,117 | Total Assessment | $2,142,000 |
