REBusinessOnline

SRS Real Estate Negotiates $2.8M Sale of Retail Property in Orange County

BIG-O-Tires-Orange-CA

BIG-O Tires occupies the 3,380-square-foot retail property near the intersection of East Katella Avenue and North Tustin Street in Orange, Calif.

ORANGE, CALIF. — SRS Real Estate Partners has arranged the sale of retail property located at the intersection of East Katella Avenue and North Tustin Street in Orange. A San Francisco-based private investor acquired the property from a Los Angeles-based private investor for $2.8 million.

BIG-O Tires occupies the 3,380-square-foot property on a triple-net lease basis with 5.5 years remaining on the lease at the close of escrow.

Matthew Mousavi and Michael Walseth of SRS’ National Net Lease Group represented the seller, while Eric Chin of Coldwell Banker Residential Brokerage represented the buyer in the transaction.

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