Luong Chao Purchases Retail Property On Brookhurst Street In Garden Grove For $18.36M
14122 Brookhurst Street
$18,360,000
$443/SF
Building Size
41,358 SF
Asset Type
Retail
Closing
Sep 22, 2025
AI
The asset involved in this transaction is a retail property located at 14122 Brookhurst Street in Garden Grove. The property encompasses a total area of 41,358 square feet and was sold for a price of $18,360,000, resulting in a price per square foot of $443.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,360,000
- Square Footage: 41,358
- Address: 14122 Brookhurst Street
- Market: Garden Grove
Luong Chao served as the buyer in this transaction, while Tron Do was the seller. Tom Nguyen from eXp Commercial represented the seller during the deal, facilitating the transaction process.
Players
Garden Grove Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93