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Asian Themed Retail Center

The Blue Pavilion is a rarely offered 41,358 SF Asian Themed retail center in the middle of Orange County's "Little Saigon." OC's Little Saigon is the largest Little Saigon in the United States with thousands of Vietnamese and Chinese businesses spanning the Cities of Garden Grove, Westminster, Santa Ana, and Fountain Valley. The Blue Pavilion enjoys over 380 sf of frontage on Brookhurst St - one of the main thoroughfares of the district where over 50,000 cars per day pass thru. The building is elevator served and features a seasoned roster of tenants that include restaurants, retail, medical and professional services. It is situated on 2.3 acres and enjoys over 200 parking spaces giving plenty of parking for tenants and patrons alike.

Recent Capital Improvements

The Seller has invested over half a million in recent capital improvements including an entire parking resurface, new exterior lights, new paint, and increased security improvements.

Potential Retail Condo-Conversion

The Blue Pavilion has a potential to be converted to individual retail condos that could be sold individually to current tenants, owner/users, or investors. Buyers can take advantage of favorable SBA Loan terms to purchase a unit for their business in one of the best locations in the Little Saigon business district. As retail condos, upstairs units are conservatively valued at over $700 PSF and downstairs unit over $900 PSF resulting in a gain of over 10 million for a savvy investor.

Rent Restructuring & Seller Rent Gauranty

The Blue Pavilion has recently go through a rent restructuring. Second story units that were on Gross leases were converted to NNN resulting in increased vacancy. Seller will guaranty rents for all vacant units for a period of 2 years to give time for the vacant units to be released.

Location Overview

The property is located in the middle of "Little Saigon." Spanning the Cities of Garden Grove, Westminster, Santa Ana, and Fountain Valley - "Little Saigon" is the business district that consists of thousands of Vietnamese themed businesses in Orange County. Little Saigon serves the largest Vietnamese population outside of Vietnam - over 189,000 residents in Orange County - the main corridors of Little Saigon are concentrated on Bolsa Ave and Brookhurst St between Edinger to the South and Westminster to the North. The high concentration of Vietnamese and Chinese business make this area both a destination location and a tourist attraction.
The property is situated on Brookhurst St which is not only a main corridor of Little Saigon, but it is also a major North-South thorough-fair of Central Orange County providing easy access to both the 22 and 405 Freeways and a connector to the beaches of Huntington Beach to the South and the Anaheim Disneyland Resort district to the North. Over 50,000 cars per day pass through Brookhurst at this location.
The location enjoys dense demographics with over 300,000 residents within a 3 mile radius and a average household income of over 88,000.
City of Garden Grove: Centrally located in Orange County, California, the City of Garden Grove (17.8 square miles) is home to over 170,000 residents and is a friendly, spirited, and balanced California community rich in diversity -- a city with a view to the future. Garden Grove is the fifth largest city in Orange County and is conveniently located less than one mile from The Disneyland Resort, seven miles from Knott’s Berry Farm, nine miles from local beaches, and ten miles from John Wayne Airport. Incorporated June 18, 1956, the city was founded in 1874 by Dr. Alonzo Cook.

Orange County

Orange County is located in the Los Angeles metropolitan area in Southern California. As of the 2020 census, the population was 3,186,989, making it the third-most populous county in California, the sixth most populous in the U.S., and more populous than 21 U.S. states. Although largely suburban, it is the second most densely populated county in the state, behind San Francisco County.
The County is a tourist center, with attractions like Disneyland, Knott's Berry Farm, Little Saigon, Mission San Juan Capistrano, Modjeska House, Segerstrom Center for the Arts, Yost Theater, Bowers Museum, Balboa Island, Angel Stadium, Downtown Santa Ana, the Honda Center, and several popular beaches along its more than 40 miles (64 km) of coastline. It is also home to a major research university, the University of California, Irvine (UCI), along with a number of other colleges and universities.
Orange County's hot real estate market is one of the highest demand and highest priced markets in the Country. In October 2023, the median listing home price in Orange County, CA was $1.3M, trending up 16.3% year-over-year. The median listing home price per square foot was $658. The median home sold price was $1.1M.
Orange County offers pro-business communities, a robust and entrepreneurial regional economy, an exceptional labor pool supported by first-class universities, a broad infrastructure network and world-class amenities—all the qualities make it a highly sought after commercial location and a great place to live. Some of the notable employers include: Walt Disney, UC Irvine, Providence Healthcare, Kaiser Permanente, Hoag Memorial, Boeing, and Bank of America.