Industrial Property For Sale

12620 Westminster Ave, Garden Grove, CA

Description

Commercial warehouse listing details.

Features

Price

$520,000

Floors

1

Lot Size

0.71 AC

No Units

1

Sale Type

Investment or Owner User

Unit Size

2,153 SF

Year Built

1988

Parking Ratio

2.03/1,000 SF

Property Type

Industrial (Condo)

Building Class

C

Property Sub-type

Warehouse/General Retail Restaurant

Typical Floor Size

13,270 SF

Total Building Size

2,153 SF

Available Spaces

Unit A

Industrial / Warehouse

Square Footage

Rate

Upon Request

Part of a Five Building (28 Units) Multi-Unit Business Park. - "One of a Kind" small unique property for Owner/Investor or Owner/User (DO NOT DISTURB TENANT). - OWNER/INVESTOR: Existing Tenant, i.e.,"Pad Thai", a Thai Restaurant, will sign a 60 month lease with new owner of condo unit @ 4.9% Cap Rate / NOI $25,480 / 3% Annual Increases (lease terms negotiable). - OWNER/USER: Option A - Condo unit sold with existing tenant; lease expires 10/31/19. Option B - Condo unit sold and restaurant business acquired also as a separate sale transaction. - OA Fee covers water, trash, maintenance of landscaping, driveways, parking areas, and replacement reserves for repairs/replacement of Capital Improvements. - Condo unit fronts on Westminster Avenue, i.e., "High Visibility", between Harbor Boulevard and Fairview Street. - Part of a Five-Building 100,000 SF Multi-Unit Business Park renovated in 2008. - Convenient access to 5, 22 and 57 Freeways.

Location

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