Search
 

'Little Saigon' Developer Sells $5.2M Property

WESTMINSTER, CA-Bridgecreek Development, one of the primary developers of the "Little Saigon" area of Westminster, sells a fully leased, 35,149-sf office and retail project. It is part of a Little Saigon retail district that has become one of the most popular shopping destinations in Orange County and is widely listed in travel and tourism guides.

By Bob Howard | Updated on November 10, 2002

WESTMINSTER, CA-Bridgecreek Development of Westminster, one of the primary developers of the “Little Saigon” area of this community, has sold a fully leased, 35,149-sf office and retail property in the heart of Little Saigon to Long Beach investors for $5.2 million.

The deal closed within 30 days of the property being placed on the market, according to Jeff Demorest of Daum Commercial Real Estate Services, who represented Bridgecreek. The buyers were Jeffrey and Catherine Wayman, who represented themselves.

The property is called Bolsa Magnolia Center and is on more than an acre of land at 9039 Bolsa Ave. It is about 60% office and the rest retail, according to Demorest. The shopping center was developed in 1990 by Bridgecreek and is of wood frame and stucco construction, with on-site parking. It is part of a Little Saigon retail district that has become one of the most popular shopping destinations in Orange County and is widely listed in travel and tourism guides.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.