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Photo credit: Courtesy of Marcus & Millichap Little Saigon intersection in Garden Grove
A development property at one of the busiest intersections in Orange County just sold in Garden Grove for a record $2.93M, or $141/SF.
The Little Saigon 20,777 SF development property is at the corner of Westminster Avenue and Brookhurst Street.
After multiple offers were made, the property was sold by a private investor to a local owner who plans to build a medical office building at the intersection.
Marcus & Millichap first vice president investments and national retail group senior director Ron Duong repped both the buyer and the seller.
The deal closed in 90 days.
