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1821 North Tustin Street

Goodwill Industries Expands Operations With 13,156 SF Retail Lease In Orange, California
LEASEDIndustrial

Goodwill Industries Expands Operations With 13,156 SF Retail Lease In Orange, California

1821 North Tustin Street

Building Size

13,156 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The retail lease of a 13,156 sq.-ft. property located at 1821 North Tustin Street in Orange, California has been secured by CBRE brokers Hannah Curran and Walter Pagel on behalf of Goodwill Industries of Orange County. The nonprofit organization, Goodwill Industries, aims to expand its operations and identified this excellent location with high traffic as the ideal site for its new retail lease.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1821 North Tustin Street
  • Market: Orange
  • Square Footage: 13,156 sq.-ft.

CBRE's Walter Pagel and Hannah Curran facilitated the lease agreement between Goodwill Industries and the property owner in Orange, California. The brokers noted the ongoing efforts of Goodwill Industries to identify additional properties with high traffic to further expand their operations.

Players

Walter Pagel

CBRE

Broker

$18.5M

vol

4 deals

Broker
GI
Goodwill IndustriesTenant

Orange Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93