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934 North Tustin Street, Or...

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

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

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

$28,800,000

$309/SF

Building Size

92,950 SF

Asset Type

Retail

Closing

Jan 19, 2022

AI

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

Colliers

Broker

$196.1M

vol

7 deals

Broker
FH
Fields HoldingsBuyer

Orange 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

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93