Mun Chao Acquires Retail Property In Garden Grove From Kal Patel For $1.7M

The retail property located at 10711 Westminster Avenue in Garden Grove has been sold in a closed transaction. The property spans a total of 16,601 square feet and was sold for a price of $1,700,000, resulting in a price per square foot of $102. The sale took place on December 29, 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,700,000
• Address: 10711 Westminster Avenue
• Market: Garden Grove

The buyer of the property is Mun Chao, while the seller is Kal Patel. The transaction was facilitated by Gabriel Talasazan of Beverly & Company, who acted as the broker for both parties. The deal involved a 30-day escrow period and was completed with an all-cash payment.