Property Showcase

14001 Newport AvenueTustin, CA 92780 0

$3,900,000
Commercial
Status: Active
  • Sqft:
  • Lot:0.63 acre
  • MLS#: AR21224419
33.738212585449219-117.82285308837891
Courtesy Of Ching Sze Louie, DRE#00938644, Louie Properties, Inc.

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.

Main Features:

Listing Status Active Year Built 2010
County Orange Taxes $55,000.00
Tax Year 2021 Rental Price $0
Zoning Commercial Building Name Makena Square

Additional Features:

Business Type Retail
Financing Conventional
Laundry None
Lease Option N
Listing Service FullService
Listing Type ExclusiveRightToSell
Lot Description Level
Occupied By Tenant
Property Subtype Retail
Roof Flat
Sign false
Special Conditions Standard
Terms Cash
CashtoNewLoan
Utilities ElectricityAvailable
SewerAvailable
WaterAvailable
Water Public
Year Built Source Builder

Extra Features:

Annual Trash Expense 5577 Builder Name Makena Great America
Building Square Feet 7500 CDOM 0
DOM 0 Electric Exp 2208
Gross Income 172282 Gross Scheduled Income 172282
Insurance Expense 2948 Listing Key 552886234
Lot Size Dim 27556 Net Operating Income 54995
Number of Buildings 1 Operating Expense 117286
Parcel Number 40164111 Public Document Count 1
Water Sewer Exp 4954

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 12/3/2021 8:18:43 PM

14001 Newport Avenue, Tustin, CA 92780

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 12/3/2021 8:18:43 PM

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