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

Tagged , , , , , , , , ,