Garcia Family Trust Acquires Mixed-Use Property In Orange, CA For $5.3M
626 North Tustin Street
$5,325,000
$303/SF
Building Size
17,530 SF
Asset Type
—
Closing
Sep 12, 2022
AI
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.
Players
Orange CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.98%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93