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Nick Miller Of Faris Lee Investments Represents Buyer And Seller In $10M Retail Property Sale In Orange CA

Property Image
SOLD
$10,000,000

California

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Retail47,804 SF
Sold 06/04/2026
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Property Image
SOLD

Nick Miller Of Faris Lee Investments Represents Buyer And Seller In $10M Retail Property Sale In Orange CA

1140-1232 North Tustin Street

See Similar Deals
Retail47,804 SF
Sold 06/04/2026
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$209
Total Square Footage:47,804 SF
Transaction Type:Sale

A retail property located at 1140-1232 North Tustin Street in Orange, California was involved in a sale transaction. The property spans a total area of 47,804 square feet and was sold for $10,000,000, which equates to a price per square foot of $209. The property had been held by the same family since 1964.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,000,000
  • Square Footage: 47,804
  • Price Per Square Foot: $209
  • Address: 1140-1232 North Tustin Street
  • Market: Orange, CA
  • Broker: Nick Miller - Faris Lee Investments

Nick Miller of Faris Lee Investments represented both the undisclosed buyer and seller in this off-market transaction. Faris Lee Investments facilitated the sale, indicating the firm's involvement in managing the transaction effectively.

Players

Nicholas (Nick) Miller
4 deals$52.2M volume
BROKER

BUYER

Details

SOLD
IMAGE: Nick Miller DATE: 06/04/2026 ADDRESS: 1140-1232 North Tustin Street MARKET: Orange, CA ASSET TYPE: Retail BROKER: Nick Miller - Faris Lee Investments SALE PRICE: $10,000,000 SF: 47,804 - PPSF: $209 NOTE: Faris Lee Investments brokered the $10 million sale of a value-add retail property in Orange, California, which traded at $209 per square foot after being held by the same family since 1964. Nike Miller of Faris Lee represented both the undisclosed buyer and seller in the off-market transaction.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
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