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1870 Harbor Boulevard, Cost...

Aspire Salons Leases 20,000 SF Space At 1870 Harbor Boulevard In Triangle Square
LEASEDRetail

Aspire Salons Leases 20,000 SF Space At 1870 Harbor Boulevard In Triangle Square

1870 Harbor Boulevard, Costa Mesa, California 92627, United States

$50

$50/SF

Building Size

20,000 SF

Asset Type

Retail

Closing

Jan 13, 2023

AI

Located at 1870 Harbor Boulevard, Triangle Square, this property was recently leased by Aspire Salons. The landlord for this transaction is TTM Real Estate Capital, represented by Tyler Mateen. The total area of the property is 20,000 square feet, with an asking rent of $50 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Applicable
  • Address: 1870 Harbor Boulevard (Triangle Square)
  • Landlord: TTM Real Estate Capital - Tyler Mateen
  • Tenant: Aspire Salons
  • Square Footage: 20,000
  • Asking Rent: $50 PSF

Aspire Salons, the tenant in this deal, secured a lease on this prime property. TTM Real Estate Capital, with Tyler Mateen as their representative, acted as the landlord in this transaction. The attractive rental rate of $50 per square foot makes this an appealing opportunity for Aspire Salons to establish their presence in the area.

Players

Tyler Mateen

TTM Real Estate Capital

Landlord

$497.5M

vol

8 deals

Landlord

Costa Mesa Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93