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Fields Holdings Acquires Retail Property In Orange For $28.8M With Colliers As Brokers

Property Image
SOLD
$28,800,000
Charley Simpson
Caitlin Zirpolo
+ 1

California

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Retail92,950 SF
Sold 01/19/2022
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Property Image
SOLD

Fields Holdings Acquires Retail Property In Orange For $28.8M With Colliers As Brokers

934 North Tustin Street, Orange, California 92867, United States

See Similar Deals
Retail92,950 SF
Sold 01/19/2022
Charley Simpson
Caitlin Zirpolo
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$309
Total Square Footage:92,950 SF
Transaction Type:Sale

Fields Holdings has acquired a retail property located at 934–970 North Tustin Street in Orange. The transaction, facilitated by brokers El Warner, Charley Simpson, Caitlin Zirpolo, and Jordan Gomez of Colliers, involved a sale price of $28,800,000. The property spans a total of 92,950 square feet, resulting in a price per square foot of $309.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $28,800,000
  • Address: 934–970 North Tustin Street
  • Market: Orange
  • Buyer: Fields Holdings
  • Seller: Corning Development
  • Brokers: El Warner, Charley Simpson, Caitlin Zirpolo, and Jordan Gomez - Colliers
  • Square Footage: 92,950
  • Price per Square Foot: $309

Fields Holdings, a prominent player in the real estate industry, successfully acquired the retail property located at 934–970 North Tustin Street in Orange from Corning Development. The transaction was brokered by El Warner, Charley Simpson, Caitlin Zirpolo, and Jordan Gomez from Colliers. This acquisition marks an important milestone for Fields Holdings, further strengthening their presence in the retail market. The property offers ample space, covering a total area of 92,950 square feet, with a price per square foot of $309.

Players

El Warner
7 deals$196.1M volume
BROKER

Jordan Gomez
Colliers
3 deals$76.1M volume
BROKER

Charley Simpson
Colliers
8 deals$173.2M volume
BROKER

Caitlin Zirpolo
Colliers
4 deals$108.1M volume
BROKER

BUYER

Details

SOLD
IMAGE: Charley Simpson, El Warner, Caitlin Zirpolo & Jordan Gomez DATE: 01/19/2022 ADDRESS: 934–970 North Tustin Street MARKET: Orange ASSET TYPE: Retail BUYER: Fields Holdings SELLER: Corning Development BROKERS: El Warner, Charley Simpson, Caitlin Zirpolo & Jordan Gomez - Colliers SALE PRICE: $28,800,000 SF: 92,950 ~ PPSF: $309

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$102,320.32
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