John Gruebel Acquires Retail Property On North Tustin Avenue For $2.5M

The property at 101 North Tustin Avenue in Tustin, a retail asset, was recently sold for $2,500,000. Spanning 22,482 square feet, the property was part of a real estate and business sale between John Gruebel, the buyer, and Don Scala, the seller.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Buyer: John Gruebel
• Seller: Don Scala
• Broker: Gabriel Talasazan - Beverly & Company
• Address: 101 North Tustin Avenue
• Market: Tustin
• Square Footage: 22,482
• Price per Square Foot: $111

The transaction involved a 30-year ownership change facilitated by dual representation. It was a 1031 exchange investment and an all-cash sale, structured as a part of a Family Trust deal.