17332 Irvine Blvd, Tustin, CA 92780
24,287 SF | 91% Leased | Office Building | Tustin, CA 92780 | $5,995,000 ($247/SF) | 4.74% Cap Rate
For Sale
Active
Asking Price $5,995,000
- Property Type
-
Office
- Square Feet
- 24,287 SF
- Price / Square Foot
- $247
Listing Contacts
Geoffrey DeWolf
Property Overview
Two-story ±24,287-square-foot, elevator-served office building built in 1973 on an approximate 1.0-acre parcel with no association. 8.13% proforma cap rate. The building is 95% occupied with two small vacant suites totaling 1,236 square feet. Most tenants are on Modified Gross terms, paying base rent and a CAM charge that contributes to the cost of the landlord-supplied utilities, janitorial, and maintenance.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- Premier office building with welcoming two-story lobby just east of the 55 Freeway on the corner of Irvine Blvd and Yorba St.
- Current occupancy is ±95% which is typical as this building has historically enjoyed very high occupancy.
- With small suites and staggered lease terms, this asset should continue to provide reliable, solid income.
- The building’s suites average just 783 sf. In small suites (especially under 1,000 sf), it is traditionally much easier to increase rents.
- Restaurants and amenities are within the immediate vicinity of this building as can be seen on the amenities map.
- Priced to sell, the asking price is well below recent sale comps and replacement cost.
All available spaces
- Space
- 1st Fl-Ste 120
- Size
- 536 SF
- Space
- 2nd Fl-Ste 220
- Size
- 600 SF
- Space
- 2nd Fl-Ste 260
- Size
- 636 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].