100 N Tustin Avenue

    Anaheim, CA 92807
    • $2,300,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: TR20050752
    UPDATED: 27 min ago
    $2,300,000
    • 0
      BEDS
    • 0.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,710
      SQFT
    • $264
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1976
    County:

    School Ratings & Info

    Description

    A vacated 8,719 sf Racquetball Gym with 8 courts plus a mezzanine, separate man and woman showers and restrooms and its own 35 parking spaces located in a prime crossroad area of Anaheim and Orange. It+GGs best suited for a revived racquetball and fitness club. It+GGs also a money maker for savvy buyer to sublease each court as a high end or specialty merchandise show room and warehouse.Current Market NNN Rent at $2.00 X 8,719sf = $17,438 a month or $208,256 a year or a Cap Rate of 9% with upward potential.Sublease buyer can rent out all 8 court spaces at $2,300 NNN each for a monthly Net of $18,400 or Annual Net of $220,800 to reap a Cap Rate of 9.6% while still keeping the Mezzanine as its very own management office or lease out for more income.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-05T09:37:22.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/103941055

    100 N Tustin Avenue Anaheim, CA 92807

    • Price: $2,300,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: TR20050752
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.63
    Acres
    8,710
    SQFT
    $264
    $/SQFT
    1976
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    A vacated 8,719 sf Racquetball Gym with 8 courts plus a mezzanine, separate man and woman showers and restrooms and its own 35 parking spaces located in a prime crossroad area of Anaheim and Orange. It+GGs best suited for a revived racquetball and fitness club. It+GGs also a money maker for savvy buyer to sublease each court as a high end or specialty merchandise show room and warehouse.Current Market NNN Rent at $2.00 X 8,719sf = $17,438 a month or $208,256 a year or a Cap Rate of 9% with upward potential.Sublease buyer can rent out all 8 court spaces at $2,300 NNN each for a monthly Net of $18,400 or Annual Net of $220,800 to reap a Cap Rate of 9.6% while still keeping the Mezzanine as its very own management office or lease out for more income.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public Year Built Source Assessor

    Listing provided courtesy of Yumei Sun of Loyal Property


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-05T09:37:22.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037