The City Of Garden Grove Acquires Garden Grove Plaza Office Building For $12.12M

The City of Garden Grove has purchased the Garden Grove Plaza, a five-story office building located at 12966 Euclid Street in Garden Grove, CA. The strategic acquisition of this well-located asset next to City Hall will provide strong cash flow for the future. The sale, facilitated by CBRE's Investment Properties team, closed for a total of $12,120,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $12,120,000
• Square Footage: 64,402
• Price per Square Foot: $188
• Address: 12966 Euclid Street, Garden Grove, CA
• Market: Garden Grove

CBRE's brokers Anthony DeLorenzo, Bryan Johnson, Nick Williams, and Peter Wells represented the City of Garden Grove in the transaction. Their expertise and guidance ensured a successful sale of the Garden Grove Plaza.