Lee & Associates Irvine Negotiates Sale of Garden Grove Office Park
GARDEN GROVE, Calif.—November 5, 2015—The Irvine office of Lee & Associates, the largest broker-owned commercial real estate firm in the nation, has negotiated the $9.950 million sale of the Valley View Office Park in Garden Grove.
Senior Vice President Brian Garbutt of Lee & Associates Irvine, represented the seller, Valley View Office Park, LLC. The buyer, Super HK, LLC, was represented by the Telligent Group. The building was sold 80% leased, so it provided the buyer value in getting the building leased up and to increase value,said Garbutt.
The 67,660-squre-foot office facility, which includes 58 units, is located at 12062 Valley View Street in Garden Grove and is 80% occupied.