Listed by Lee & Associates - Newport Beach
$10,903,000
5555 Garden Grove Boulevard
Details
APN 203-103-10
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 33,895
Occupancy 68%
Tenancy Multi
Class A
Year Built 1981
Stories 3
Acreage 0.620
Parking Spaces 116 spaces
Parking per 1,000 SqFt 3.42
Office | 33,895 SqFt
Marketing description
5555 Garden Grove Boulevard presents a compelling opportunity for an owner-user seeking a strategically located office building with phased occupancy potential. The Property can accommodate a user occupying up to ±17,598 square feet initially, with additional space delivered over time, making it suitable for an owner-user with flexible occupancy timing.
The building portion of the sale which may materially impact valuation and the building also has the potential for a portion of the building to be medical use.
Investment highlights
- Parking 3.5/1000 Parking, 27 grade-level parking garage spaces, 29 surface parking spaces, 60 parking structure spaces, Total parking spaces:116
- Construction Steel-frame office building
- Elevator One (1) hydraulic passenger elevator
- Land Area ±0.62 Acres
- Restrooms Men’s & Women’s on each floor
- Ideal for owner-users requiring potentially 10,000 SF of office with growth opportunity
- Medical office occupancy potential
- Surface lot, covered parking
- Elevator-served building with concrete construction
- Excellent freeway access and regional connectivity
- Opportunity to control long-term occupancy costs through ownership
- Immediate access to the 405 and 22 Freeways
- Opportunity to offset occupancy costs through short-term lease income
- Rare chance to acquire a free-standing office building in West Orange County
- User occupancy potential of ±17,598 SF initially
- Potential office occupancy
- Ability to grow into the building over time
Listing Contacts
Listed by Lee & Associates - Newport Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
