Private Investor Acquires Industrial Property In Garden Grove For $8.83M

The property involved in the transaction is an industrial building located at 13831 Seaboard Cir, Garden Grove, CA. The asset consists of 22,000 square feet and was sold for $8,830,000. The property features dock-high doors and a large fenced yard, and was built in 1978. It is strategically situated just off Harbor Boulevard and the Garden Grove Freeway, making it advantageous for industrial use within the market of Garden Grove.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,830,000.00
• Address: 13831 Seaboard Cir, Garden Grove, CA
• Square Footage: 22,000
• Market: Garden Grove
• Buyer: Private Investor
• Seller: INH
• Buyer's Representatives: Michael W. Collins-Mohawk Real Estate, Michael "Mike" Collins-Cushman & Wakefield
• Seller's Representatives: Mike Barreiro, Devin Ray-DAUM Commercial Real Estate Services

DAUM Commercial Real Estate Services facilitated the transaction with Mike Barreiro and Devin Ray representing the seller, cosmetics distributor INH. The buyer was represented by Michael W. Collins and Dustin Hullinger. Following the sale, DAUM will represent the new owner in marketing the property for lease.