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
Costa Mesa Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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