Private Investor Acquires Retail Property On Harbor Blvd In Garden Grove For $6.6M

The restaurant property located at 12001 Harbor Blvd. in Garden Grove has been sold for $6.6 million. The 6,180-square-foot building, constructed in 2001, is now owned by a private investor. Outback Steakhouse currently operates in the building on a triple-net leased basis. The asset is strategically positioned just a mile away from Disneyland and Disney California Adventure, as well as being in close proximity to the Anaheim Convention Center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,600,000.00
• Address: 12001 Harbor Blvd, Garden Grove
• Market: Garden Grove
• Seller's Rep: Matthew Mousavi (SRS Real Estate Partners)
• Buyer: Private Investor

Valore Ventures, the seller, had initially acquired this property as part of a larger portfolio which included Red Robin Gourmet Burger and Brews, Joe’s Crab Shack, and Oggi’s Pizza & Brewery. This recent sale marks the conclusion of the divestment of all four fee simple interests acquired by Valore for a total of $13.1 million earlier in the year. The transaction was facilitated by Matthew Mousavi and Patrick Luther of SRS Real Estate Partners’ National Net Lease Group.