Private Investor Acquires Retail Property On Chapman Ave In Garden Grove

The property asset involved in the transaction is a restaurant located at 12362 Chapman Ave, Garden Grove, California. This retail asset encompasses 6,500 square feet and is part of a four-property, fee-simple restaurant portfolio. The portfolio was acquired by Valore Ventures in January 2019 and includes establishments built between 2001 and 2008. The properties are situated within a larger development that features three high-rise hotels and a dedicated 2.8-acre parking lot reserved exclusively for the restaurants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Address: 12362 Chapman Ave, Garden Grove, California
• Market: Garden Grove
• Seller's Representative: Matthew Mousavi - SRS Real Estate Partners
• Buyer: Private Investor
• Square Footage: 6,500

Matthew Mousavi and Patrick Luther represented the seller, Valore Ventures, in this transaction through SRS Real Estate Partners’ National Net Lease Group. The deal involved the acquisition of the Oggi’s Pizza & Brewery location by the local private investor, who is the restaurant's franchisee.