17531 Griffin Ln - Food Processing FOR SALE


Huntington Beach, CA 92647- Oak View
$4,250,000 USD
949-355-8500
17531 Griffin Ln, Huntington Beach, CA for Sale
$4,250,000 USD
Food Processing - FOR SALE
1/18
null | Request Cap Rate

17531 Griffin Ln
Huntington Beach, CA 92647
Oak View


HIGHLIGHTS

  • 21 Turn-key kitchens
  • 14 dedicated parking spaces • Two (2) ADA Restrooms
  • Storage Freezer (120 sqft) Storage Cooler (212 sqft)
  • New Roof (2023)
  • Floor Drains Throughout
  • Upgraded Power to 800 amps (120/208v) *Verify

OVERVIEW

±6,881 SF Fully Improved Shared Commercial Kitchen Facility • Situated on a 13,600 SF Parcel • 21 turn-key kitchens (average ±211 SF) • 14 dedicated parking spaces • Two (2) ADA Restrooms The Seller purchased the bldg. in 2022 for $2,100,000 The Seller put over $2,500,000 into the property   This ±6,881 SF shared kitchen facility is situated on a ±13,600 SF parcel with 21 brand-new kitchen units.   The property is currently vacant, however, Market Rent Per Kitchen is: Rent: $2,700/mo Kitchen Reimbursement: $1,860/mo (daily janitorial, maintenance, all utilities, onsite staff etc) Proforma Gross Rent Per Month: $4,560 per kitchen x 21 Kitchens = $95,760/mo   2023 Upgrades: ? This facility has undergone significant improvements: New Roof Five (5) New Commercial Roof-Mounted HVAC Units (800 CFM each) ? Brand-New Fire Sprinkler System ? Upgraded Power Supply: 800 amps (120/208V) (*verify) ? New Asphalt in Parking Lot ? New Gas Line ? Floor Drains Throughout

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$618 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Major Price Reduction of $450,000!

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

ADD'L SUBTYPES

Restaurant, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31

LAND SF

13,504

ZONING

RT

APN/PARCEL ID

939-271-31

ASK ABOUT THIS PROPERTY

Mike BarreiroDAUM Commercial Real Estate ServicesMore Info
949-355-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mike BarreiroDAUM Commercial Real Estate ServicesMore Info
949-355-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.