MEI Real Estate Services is extremely pleased to announce the closing of a retail property in Orange, CA. The property at 820-850 N. Tustin Avenue consisted of two buildings on two separate parcels, one which was encumbered by a ground lease. The buildings are a part of a larger shopping center, Tustin Mayfair Plaza, and were situated on a lot of 1.05 Acres or 45,670 SF. Dennis and Chelsea at MEI represented the seller of the property which sold just under $3.5 Million at terms that met the seller’s requirements. The buyer was involved in a 1031 exchange and closed just a few months after opening escrow. This multi-faceted transaction went smoothly despite the complex sale conditions.The property is in a high-visibility anchored retail strip center along N. Tustin Street near Collins Avenue and is situated amongst other large retail centers in a dense retail trade area of Orange.The property is in an affluent demographic area and is just minutes to the 55 and 22 freeways.