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9912 - 9952 Katella Avenue - Garden Grove Town Center, Garden Grove, CA

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9912 - 9952 Katella Avenue - Garden Grove Town Center

Garden Grove, CA 92840 - Garden Grove Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1980
Building Size:49,986 SF Land Area:3.63 AC (158,123 SF)
For Sale Price:$14,000,000 Price/SF:$280.08
Cap Rate:5.98 %
Parking:112 Surface spaces are available; Ratio of 2.5/1,000 SF

Property is located at the intersection of Katella Avenue and Brookhurst Street. Center is in a prime retail corridor surrounded by dense residential trade area. Traffic count is approximately 65,000 cars per day. Anchor tenants include Albertson's and Drug Emporium.

Sale Notes:
Excellent Commercial Property for sale with Anchor Grocer Tenant; Fresh Choice Marketplace with 25-year lease at $40,000. The remaining tenants have 5-year leases that expire May 2018 with renewal options, rental increases allowed.

Tenants include;
Fresh Choice Marketplace, Gentle Dental, One Express Cleaner, Alferdows Travel, Jarir Bookstore, Verizon Wireless, Beads U Need, Supercuts, Nail Protection, and American Tower.

Net Operating Income; $711,268
Cap Rate: 4.9%

Century 21 - A B Mortgage - T R T Home Loans
Tawfig Bishara
(800) 421-2154

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