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13242 - 13252 Century Boulevard - Euclid Street Center - Euclid Street Center, Garden Grove, CA

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13242 - 13252 Century Boulevard - Euclid Street Center - Euclid Street Center

Garden Grove, CA 92843-1247 - Garden Grove Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1990
Building Size:20,504 SF Land Area:3 AC (130,680 SF)
For Sale Price:$5,968,000 Price/SF:$291.07
Cap Rate:5.75 %
Parking:50 Surface spaces are available; Ratio of 2.44/1,000 SF

Sale Notes:
* Orange County Retail Center Superb opportunity to purchase an irreplaceable retail strip center and pad in the desirable city of Garden Grove, in Central Orange County

* Costco Adjacent Exceptional hard corner signalized intersection location promoting excellent visibility at the corner of Century Blvd and Euclid Street, immediately adjacent to a high-performing Costco

* Immediate Upside 84% current occupancy provides an immediate opportunity to increase income through lease-up of the vacant space

* Orange County Owner/User Opportunity Occupy the current available space as an owner/user

* Income Growth Net Operating Income is projected to grow over $131,800 (46%) upon stabilization, and over $237,200 (95%) during the anticipated hold period, providing a strong hedge against inflation

* Hard Corner Location Located at the signalized hard corner intersection of Century Blvd and Euclid Street (87,550 cars per day)
* Immediate Freeway Access Less than ¼ mile north of the SR-22 Freeway, a major Orange County east/west arterial, connecting Garden Grove with commercial and residential density (234,300 cars per day)

Phil D Voorhees
(949) 725-8521

Kirk Brummer
(949) 725-8418

Preston Fetrow
(949) 725-8538

John Read
(949) 725-8606

Megan Wood
(949) 725-8423

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