• STRATA TUSTIN CENTER - 14071-14111 Newport Ave, Tustin, CA 92780

For Sale

Retail

For Sale

This property is available for sale
0.3
Acres
$13,600,000
Sale Price
  • Year Built
    2006 (Renovated 2010)
  • Overview

    First-class core Orange County 100% Leased shopping center in affluent and dense area of Tustin
    • Successful internet-resistant seasonal tenancy
    • Over 75% of the center is occupied by international, national and regional/local chains
    • Upside on below-market rents by 10-30%
    • Two buildings on two parcels
    • Higher annual CPI rent increases than many other centers
    • 100% leased, stable income stream with leases expirations staggered through 2026

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Property Details

First-class core Orange County 100% Leased shopping center in affluent and dense area of Tustin
• Successful internet-resistant seasonal tenancy
• Over 75% of the center is occupied by international, national and regional/local chains
• Upside on below-market rents by 10-30%
• Two buildings on two parcels
• Higher annual CPI rent increases than many other centers
• 100% leased, stable income stream with leases expirations staggered through 2026

  • Property Type
    Retail
  • Submarket
  • Year Built
    2006Renovated 2010
  • Sale Price
    $13,600,000
  • Total Acres
    0.3
  • Cap Rate
    4.4%
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Property ID
    2023658

Landlord's Sales Representative

  • Scott Hook
    Marcus and Millichap