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626 North Tustin Street

Garcia Family Trust Acquires Mixed-Use Property In Orange, CA For $5.3M
SOLD

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

Rob Renshaw

Taksa Investment Group

Broker

$146.1M

vol

19 deals

Broker
T
TrustBuyer

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