Updated Dec 20, 2023
Yiyi Shi Acquires Retail Property In Tustin For $6.3M
855 Paseo Westpark, Irvine, California 92606, United States
$6,300,000
$644/SF
Building Size
9,783 SF
Asset Type
Retail
Closing
Jan 20, 2022
About this deal
AI
Located at 855 Paseo Westpark, this retail property in Tustin was recently sold for $6,300,000. Spanning approximately 9,783 square feet, the property was valued at $644 per square foot. The transaction took place on January 21, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,300,000
- Address: 855 Paseo Westpark, Tustin
- Market: Tustin
The buyer of the property was Yiyi Shi, while Scott Ford acted as the seller. The deal was facilitated by Conrad Sarreal and Chad Kurz from Matthews Real Estate Investment Services.
Players
Irvine Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93