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14001 Newport Avenue Tustin, CA 92780
Sold Price $3,558,500
List Price $3,900,000
7,500 sq ft

Property listed by Louie Properties, Inc., Ching Sze Louie. IDX Contact: 626-291-5555

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John Babai

John Babai

Buyer’s Agent

DRE# 01347118

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

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