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14001 Newport AVE Tustin, CA 92780
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Key Details
Sold Price $3,558,500
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $474
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
Acres 0.6326
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
Laundry None
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Roof Type Flat
Building
Lot Description Level
Story 1
Water Public
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW CONTACT NAME Ching Louie
SHOW CONTACT PH 6262787388
SHOW INSTRUCTIONS Drive by only. Inspection is subject to accepted offer. Please be discrete and not to disturb tenants. For additional information, contact L/A (Ching Louie) by phone or text at 626-278-7388 and allow time for response. Thank you for your interest. Your offers are welcome.
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Bought with Arc Realty