- Sold Apr 4th, 2022
- Buyer
Property listed by Louie Properties, Inc., Ching Sze Louie. IDX Contact: 626-291-5555
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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.
Property Details & Features
Property Type
- Retail
Year Built
- 2010
House
- 1 total stories
- Built in 2010
- 7500 total building sqft
Expenses
- Electric Expense: $2,208
- Insurance Expense: $2,948
- Maintenance Expense: $118
- Operating Expense: $117,286
- Water Sewer Expense: $4,954
Income
- Gross Scheduled Income: 172282
- Net Operating Income: 54995
Listing
- Listing ID: AR21224419
- Property Subtype: Retail
- 88 days on market
- Listed on 2021-10-08
Location
- County: Orange
Lot
- 27556 sqft
- 0.6326 acres
- Area: 27556
- Dimensions: 27556
- Level
Property
- Retail
- Single building
Roof
- Flat
Taxes
- Annual Amount: $55,000
- Year: 2021
Utilities
- Electricity Available
- Sewer Available
- Water Available
Listings by agent
- New
- New
