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Commodore Plaza 1981 N Tustin St 9,940 SF 100% Leased Retail Building Orange, CA 92865 $5,595,000 ($562.88/SF) 5.53% Cap Rate
Investment Highlights
- Rare Orange County Retail Strip Center – 100% Occupancy - 3 - 4% Annual Rent Increases - Hedge Against Inflation
- Doña Meche - 25 years at this Location - Community Staple Restaurant
- Over 468,400 people living within a 5-Mile Radius - Upscale Population – AHI of $156,400 within a 3-Mile Radius
- WALT Over 5 Yrs Providing Certainty of Long Term Income & Reducing Near Term TI & LC Costs
- A+ Location on Tustin Street – Central Orange County - High Traffic Retail Location - Over 39,600 VPD - Adjacent to 55 Freeway - Over 230,300 VPD
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,940 SF
Building Class
C
Year Built
1965
Price
$5,595,000
Price Per SF
$562.88
Cap Rate
5.53%
NOI
$309,432
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.78 AC
Parking
45 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Monument Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 372-311-01 | Improvements Assessment | $806,040 |
| Land Assessment | $766,617 | Total Assessment | $1,572,657 |
Property Taxes
Parcel Number
372-311-01
Land Assessment
$766,617
Improvements Assessment
$806,040
Total Assessment
$1,572,657
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Commodore Plaza | 1981 N Tustin St
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