10542-10572 Stanford Ave., Garden Grove, Garden Grove, CA 92840

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