9252 Garden Grove Blvd
Garden Grove, CA 92844
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Proforma cap rate of 6.91%
- Opportunity to increase rent and traffic with synergistic new tenant lease up
- Majority of leases were entered into during COVID-19 Pandemic
- Large 1.8 acre lot for additional development and higher use
- Some tenants are month to month
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
21,368 SF
Building Class
C
Year Built
1965
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
1.87 AC
Zoning
GGMU-2 - The Garden Grove Boulevard Mixed Use 2 Zone - 24 residential units allowed, FAR .5, subject to set back and maximum height of 50 ft or 4 stories.
Parking
100 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
24’ on Garden Grove Blvd
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 098-571-05 | Improvements Assessment | $1,836,000 |
| Land Assessment | $6,018,000 | Total Assessment | $7,854,000 |
