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14001 Newport Avenue

Tustin, CA 92780
  • $3,900,000
  • STATUS: Active
  • ON SITE: 53 Days
  • ID#: AR21224419
UPDATED: 49 min ago
$3,900,000
  • 0
    BEDS
  • 0.63
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2010
County:
Area:

School Ratings & Info

Listing provided courtesy of Ching Sze Louie of 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T07:31:22.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/122242756
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14001 Newport Avenue Tustin, CA 92780

  • Price: $3,900,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 49 min ago
  • ID#: AR21224419
0
Beds
0
Baths
0
½ Baths
0.63
Acres
2010
Built
Neighborhood:
71 - Tustin
County:
Orange
Area:
71 - Tustin
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.
Exterior Features

Entry Level 1 Lot Features Level Roof Flat Sign On Property YN No

Property Features

Additional Parcels YN No Builder Name Makena Great America Building Name Makena Square Business Type Retail Common Interest None Current Financing Conventional Electric Expense 2208 Gross Scheduled Income 172282 Insurance Expense 2948 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 118 Net Operating Income 54995 Number Of Units Leased 6 Operating Expense 117286 Property Sub Type Retail Special Listing Conditions Standard Supplies Expense 0 Tax Annual Amount 55000 Tax Year 2021 Trash Expense 5577 Utilities Electricity AvailableSewer AvailableWater Available Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 4954 Water Source Public Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T07:31:22.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
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Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing provided courtesy of Ching Sze Louie of Louie Properties, Inc.