Garden Grove Multi-Tenant Auto Center

Value-Add Opportunity with Current Rents 25-50% Below Market – MTM Gross Leases Allow Immediate Access to Upside

Located in the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center and Several Major Traffic Drivers

Major Renovations Completed by Seller – Please See Below and Contact Agent for More Details

Upside Opportunity | Recent Renovations

8.61% Pro Forma Cap Rate – All Tenants on MTM or Short-Term Gross Leases

Low Price/SF of Just $296.44 (Well Below Replacement Value)

High Tenant Demand – Seller’s Most Recent Lease Generated 20+ Calls from Potential Tenants in a One Week Period

Excellent Curb Appeal with Recent Renovations Completed by Seller, Including:

• New Roof (2022)
• New Roll Up Bay Doors (2020)
• Full Exterior Paint (2020)
• Asphalt and ADA Parking Lines Redone (2020)
• New Chain Link and Rolling Front Gate Installed (2020)

Excellent Location with Strong Real Estate Fundamentals

Located the Heart of Garden Grove – Close Proximity to Garden Grove Civic Center Which Includes City Hall, GGPD, a Public Library, and Community Center Park

Strong Surrounding Credit Tenant Presence and Major Traffic Drivers Including Home Depot, Costco, Coastline College, and Cal State Fullerton – Garden Grove Center

Dense, Infill Location – Daytime Population Counts Within 5 Miles Exceeds 770,406

Favorable Demographics – Population within 5 Miles Exceeds 782,844 – Strong Average Household Income of $101,560 within 5 Miles