$3,558,500
$3,900,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
14001 Newport AVE Tustin, CA 92780
0.63 Acres Lot
Key Details
Sold Price $3,558,500
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21224419
Sold Date 04/04/22
HOA Y/N No
Year Built 2010
Annual Tax Amount $55,000
Tax Year 2021
Lot Size 0.633 Acres
Lot Dimensions Assessor
Property Sub-Type Retail
Property Description
Offering for sale is the Makena Square, a multiple tenant NET leased strip plaza in Tustin, California. This property consists of approximately 7,500 square feet, which is 100% leased to a mix of six tenants. Tenants include dental office, aesthetic medicine /beauty center, restaurant, nail salon and tea shop. Well maintained property was built in 2010 and boasts an excellent visibility from the I-5 Northbound lanes, with Heavy vehicle traffic counts and foot traffic from Tustin High School. Located at the gateway to the flourishing Old Town Tustin with trendy restaurants and professional office buildings. Well established and stable tenants with desired extension of longer lease terms. Potential for future increase on the rental income. Enjoy visiting this beautifully designed plaza. An ideal investment property indeed.
Location
State CA
County Orange
Area 71 - Tustin
Zoning Commercial
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Roof Type Flat
Building
Lot Description Level
Story 1
Water Public
Others
Tax ID 40164111
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with John Babai Arc Realty