18380-18450 Brookhurst St. Fountain Valley
Coastal Commercial is excited to offer this opportunity to acquire Valley Gardens Center. This exceptional property sits on a large 5.69-acre parcel with 63,099 square feet of restaurants, retail, office and medical office. This asset shines with pride of ownership and has not been on the market in 20+ years. This is an amazing neighborhood shopping center nestled in the heart of Fountain Valley, and shares freeway and beach access with Huntington Beach. This is a rare chance to own prime real estate on Brookhurst Street a main thoroughfare from the 405 Freeway to Pacific Coast Hwy.
Valley Gardens Center is currently 95% occupied to a diverse mix of tenants, from Asian Cuisine to professional services (ie attorneys, CPAs, escrow) and many medical office tenants.
Immediate upside potential exists with the leasing of the remaining 3,246 square foot unit and 381 square foot management office unit.
Conveniently located about one mile from two access points for the 405 Freeway. The property benefits from the surrounding established, affluent, and densely populated residential communities. Over 500,000 people live within a five-mile radius, and a strong average household income over $144,000. The average home value in Fountain Valley, CA is currently around $1,369,465. This figure is up 9.2% over the past year, according to Zillow.
Investment Sale Details
List Price
$37,000,000
Square Feet (GLA)
63,520
Current Cap Rate
6.66%
- SEASONED TENANT BASE - Many tenants in place for over 10 years, reflecting long-term stability and strong location appeal
- PRIME COASTAL OC RETAIL - Opportunity to acquire a mixed-use asset located on a major thoroughfare connecting the 405 Freeway and Pacific Coast Highway
- IRREPLACEABLE LOCATION ON EXTRA LARGE PARCEL - Irreplaceable location featuring 63,549 SF building on an expansive 5.69-acre parcel
- MIXED-USE LOCATION - The property has a diverse tenant mix including retail, restaurants, medical, and office use - Although the property is currently zoned for C1, the City of Fountain Valley is encouraging higher-density housing and mixed-use development that combines residential and commercial uses
- TRAFFIC COUNTS - Over 68,000 vehicle per day on Brookhurst Street and over 38,000 vehicles per day on Ellis Avenue
- CLOSE FREEWAY PROXIMITY - Location is approximately 1-mile from two freeway access points - 405 Freeway and Pacific Coast Highway
- PRIDE OF OWNERSHIP - Pride of ownership asset in prime area in Southern California
- HIGH WALKING SCORE 89 - Convenient walking access to multiple retail shops, restaurants, and local amenities
- ADJACENT TO ORANGE COAST HOSPITAL/MEDICAL CENTER - Orange Coast Hospital with over 240+ beds, 15 acres and 300,000 SF. Voted a top workplace and the #1 best hospital in Orange County
- DENSE POPULATION & AFFLUENT DEMOGRAPHICS - Over 550,000 people reside within a 5-mile radius of the subject property having an average household income equal to over $144,000 per year
- GRANDFATHERED MONUMENT SIGN - Property offers 2 large monument signs with Brookhurst and Ellis Frontage
- DENSE NATIONAL & REGIONAL RETAILERS - Property is surrounded by national and regional retailers that creates strong synergy for current tenants