Garcia Family Trust Acquires Mixed-Use Property In Orange, CA For $5.3M
SOLD
$5,325,000
California
See Similar Deals17,530 SF
Sold 09/12/2022
SOLD
Garcia Family Trust Acquires Mixed-Use Property In Orange, CA For $5.3M
626 North Tustin Street
See Similar Deals17,530 SF
Sold 09/12/2022
Summary
CALIFORNIA
Price Per Square Foot:$303
Total Square Footage:17,530 SF
Transaction Type:Sale
The mixed-use property located at 626 N Tustin St in Orange, CA has been sold in a recent transaction. The property spans a total area of 17,530 square feet, with a price per square foot of $304. The sale price for this transaction amounted to $5,325,000. The property showcases a combination of residential and commercial spaces, making it a versatile investment opportunity.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $5,325,000
- Square Footage: 17,530
- Price per Square Foot: $304
- Address: 626 N Tustin St, Orange, CA
The buyer of the property is the Garcia Family Trust, while Carolyn McClelland acted as the seller. Facilitating this transaction was Rob Renshaw from Taksa Investment Group, representing the buyer and seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$283,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,918.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,243.22
Annual Debt Service$302,918.60
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