Commercial Real Estate

Off Market For Sale: Value Add Retail Strip Center Listing in the Heart of Garden Grove Koreatown

9252 Garden Grove Blvd., Garden Grove, CA

This value add retail strip center is ripe for an owner to properly manage the property as the tenant mix can be improved, rents are under market, and the owner is not collecting CAM expense. The property consists of 4 buildings and tenants totaling 21,368 SF on a large 1.87 acre lot which would allow for development opportunity. There are 3 restaurant/café tenants that drive traffic to the property. There is great upside potential with increased rent and CAM reimbursement as the tenants were mostly leased up during the pandemic. Property is 100% leased with some tenant leases expired or expiring soon.

Offering Memorandum here

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SOLD ABOVE LIST PRICE! Class A Office Building in Jeffrey Office Park (1150 Roosevelt Avenue, Irvine, CA)

Those looking to purchase an office building in Irvine know that there is not a lot of supply out there.  I recently helped a client sell their 4,960 square foot office building for above list price to an investor!  The transaction highlights include a 1031 exchange component, negotiation of a leaseback from the buyer, and facilitating the release of rights of first refusal held by an existing tenant and the Irvine Company.  Given my legal background, these tasks were not difficult to accomplish for the client.

Do not hesitate to call me with any questions about buying or selling a similar property!

1150 Roosevelt Just Sold Flyer v2