Standard Finance Building
Private Parking Garages - ALL Month to Month Tenants - Prime Location
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire 11088 Trask Avenue, a well-maintained ±9,445 square foot office building situated on 0.48 acres in the City of Garden Grove, California. Originally constructed in 1976, the property is currently configured as a multi-tenant office building and offers a highly functional layout suitable for a variety of professional, medical, administrative, educational, and service-oriented business uses.
The building's design provides exceptional flexibility for future ownership. While it currently operates as a multi-tenant property, the property can be readily adapted to accommodate a single tenant user seeking a corporate headquarters, regional office, medical practice, or professional services operation. This adaptability significantly broadens the property's appeal to both investors and owner-users.
A unique feature of the offering is the presence of four attached garages totaling 740 square feet; an amenity rarely found in office properties throughout Orange County. These garages are not included in the building's reported square footage and provide valuable space for secure storage, fleet vehicles, equipment, inventory, records retention, or other operational needs. In a market where functional office space with ancillary storage is increasingly difficult to find, this feature represents a meaningful competitive advantage and enhances the property's long-term utility.
The property is currently 75 percent occupied by multiple tenants on month-to-month leases, creating an increasingly rare opportunity for an owner-user investor. The short-term tenancy structure provides immediate flexibility to occupy all or a portion of the building while retaining rental income from existing occupants during a transition period. Notably, approximately 2,132 square feet of contiguous office space, currently utilized by the ownership, will be delivered vacant at the close of escrow, presenting the incoming buyer with the flexibility to either occupy the space for their own operations or lease it to market, generating additional upside. This flexibility allows a buyer to tailor occupancy to their operational needs without the challenges associated with long-term lease commitments.
Additionally, the property's occupancy structure makes it an ideal candidate for SBA owner-user financing, potentially allowing a qualified purchaser to acquire the asset with as little as 10 percent down payment. The combination of favorable financing, immediate occupancy potential, and income from existing tenants creates a compelling opportunity for businesses seeking to own rather than lease their facilities.
Strategically located in the heart of Orange County, 11088 Trask Avenue offers outstanding accessibility to the region's major transportation corridors. The property enjoys convenient access to the 22 Freeway (Garden Grove Freeway), as well as the 405, 605, and 5 Freeways, providing efficient connectivity throughout Orange County, Los Angeles County, and the greater Southern California marketplace. This central location offers convenient access for employees, customers, and vendors while positioning businesses within one of Southern California's most established commercial and employment centers.
Garden Grove continues to be one of Orange County's most desirable business locations due to its central geography, strong demographics, extensive retail and service amenities, and proximity to major employment hubs throughout the region. Businesses operating from this location benefit from access to a large workforce, excellent transportation infrastructure, and a diverse economic base that supports long-term business growth.
Offered at $2,950,000, 11088 Trask Avenue represents a rare opportunity to acquire a flexible office asset combining owner-user functionality, investment income, SBA financing potential, unique physical features, and an exceptional Orange County location.
Investment highlights
- Attractive Pricing at Approximately $312 Per Square Foot, Offering a Compelling Value Relative to Comparable Orange County Office Assets and Replacement Cost
- Ideal Owner User Opportunity with 100 Percent Month to Month Tenancy, Allowing Immediate Occupancy While Maintaining Rental Income from Existing Tenants
- Approximately 2,132 SF of Contiguous Owner-Occupied Space (3 Suites) Delivered Vacant at Close of Escrow Making It Ideal for Owner-User Occupancy or Immediate Lease-Up to Capture Additional Upside
- SBA Financing Potential with as Little as 10% Down Payment for Qualified Owner User Purchasers
- Flexible 9,445 Square Foot Office Building That Can Continue as a Multi-Tenant Investment or Be Converted to a Single Occupant Headquarters Facility
- Rare Office Property Featuring Four Attached Garages Totaling 740 Square Feet (Not Included in the Building Square Footage), Providing Valuable Storage and Operational Flexibility
- Excellent Central Orange County Location with Convenient Access to the 22, 405, 605, and 5 Freeways, Providing Outstanding Regional Connectivity
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