Nick Miller Of Faris Lee Investments Represents Buyer And Seller In $10M Retail Property Sale In Orange CA
1140-1232 North Tustin Street
$10,000,000
$209/SF
Building Size
47,804 SF
Asset Type
Retail
Closing
Jun 4, 2026
AI
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
Orange Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93