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10/30/24
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A 15k sf, fully leased, retail building in Garden Grove sold for $6.78 mil ($452/sf). Constructed in 2005, the building is currently occupied by a single tenant, Dollar Tree, under a triple-net lease.
The free-standing building sits on a 62.3k sf site at 10840 Katella Ave, at the corner with Euclid St. The location is easily accessible by a large population base of 293,960 residents within a three-mile radius and is just one mile from the Disneyland amusement park in Anaheim.
Sheri Messerlian and Ilmar Kalviste of NAI Capital Commercial represented the buyer, Katella Gateway Plaza LLC, while Shawn Bakke repped the seller, Garden Grove Gateway LLC, in the transaction.
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