17772 17Th St, Tustin, CA 92780
5 Office Properties in Tustin, CA
For Sale
Active
15 pictures
- Property Type
-
Office
- Square Feet
- 192,645 SF
Listing Contacts
Anthony DeLorenzo
Sammy Cemo
Nick Williams
Bryan Johnson
Property Overview
GENERATIONAL OPPORTUNITY TO OWN 5-BUILDING/9.62 ACRE OFFICE CAMPUS IN CENTRAL OC WITH POTENTIAL PATH TO RESIDENTIAL DEVELOPMENT
* Generational Real Estate | Rare opportunity to own a 5-building office campus that
sits on 9.62 Acres in Central Orange County. The property consists of four (4) two-story office buildings and one (1) four-story office building with a total rentable square footage of ±185,180 SF (leased; 184,633 SF BOMA)
* Investment Flexibility | At 70% leased, the property presents a variety of investment strategies for new ownership to explore. Continued lease-up with a great baseline cash flow can provide an incredible long-term hold opportunity. The individually parceled buildings, matched with the shorter-term WALT of 1.96 years allows for possible individual building sales to owner-users at a premium or smaller investment sales if new leases are signed or renewed. The land scale of 9.62 acres
in an infill location creates future residential redevelopment opportunities that are hard to come by in Orange County.
* Infill Central OC Location | The property sits on 17th Street, seconds away from the 55 freeway in the heart of Tustin. The property has unbelievable residential density and walkable retail amenities.
EXCEPTIONAL MARKET FUNDAMENTALS
* Core Market | Orange County is among the top investment markets in the Americas
in 2023 among investors, reflecting the county’s resilient industries, stable economic fundamentals and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
* Favorable Suburban Low-Rise Trends | Over the last decade, growth among low-rise product has been robust, out-pacing high-rise product in vacancy compression and rent growth. This trend is expected to continue into the foreseeable future.
* Residential Demand | The City of Tustin is a highly desirable place to live with good schools and excellent weather promoting year round outdoor activities. These factors coupled with a shortage of supply offer a savvy developer/investor the opportunity to capitalize and provide a large infill development opportunity in a market where comparable home sales exceed $1million.
RENOWNED ENTERTAINMENT LOCATION WITH EXPANDING RESORT AMENITIES
* Highly Desirable Location | Tustin is close to world-famous Disneyland, whose $2-billion upgrades over the next decade and annual economic impact of $5.7 billion reflect a commitment to Central Orange County that reflects the area’s deep employment pool and excellent infrastructure system that can absorb hyper-growth. This central location has convenient freeway access and offers ease of commute for the area’s businesses and tenants, as well an affordable alternative to other costly areas of Orange County.
* Multi-Modal Transportation Access | The surrounding multi-modal transit hub offers ease of commute for the region’s workforce, as well as proximity to executive
housing. Located immediately off SR-55 freeway and Interstate 5 interchange, the asset has superb access to I-405, SR-57, and SR-91, as well as John Wayne Airport and several Metrolink stations. Such access to critical infrastructure is as important as ever for business success and employee retention.
* Resort Style Amenities | The property’s proximity to a large amenity base is intrinsically irreplaceable with such amenities as: South Coast Plaza, Old Town Tustin, Irvine Spectrum, Fashion Island, Angel Stadium, Honda Center, Disneyland,
Old Towne Orange, UCI Medical Center, Chapman University to name a few.
* Generational Real Estate | Rare opportunity to own a 5-building office campus that
sits on 9.62 Acres in Central Orange County. The property consists of four (4) two-story office buildings and one (1) four-story office building with a total rentable square footage of ±185,180 SF (leased; 184,633 SF BOMA)
* Investment Flexibility | At 70% leased, the property presents a variety of investment strategies for new ownership to explore. Continued lease-up with a great baseline cash flow can provide an incredible long-term hold opportunity. The individually parceled buildings, matched with the shorter-term WALT of 1.96 years allows for possible individual building sales to owner-users at a premium or smaller investment sales if new leases are signed or renewed. The land scale of 9.62 acres
in an infill location creates future residential redevelopment opportunities that are hard to come by in Orange County.
* Infill Central OC Location | The property sits on 17th Street, seconds away from the 55 freeway in the heart of Tustin. The property has unbelievable residential density and walkable retail amenities.
EXCEPTIONAL MARKET FUNDAMENTALS
* Core Market | Orange County is among the top investment markets in the Americas
in 2023 among investors, reflecting the county’s resilient industries, stable economic fundamentals and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
* Favorable Suburban Low-Rise Trends | Over the last decade, growth among low-rise product has been robust, out-pacing high-rise product in vacancy compression and rent growth. This trend is expected to continue into the foreseeable future.
* Residential Demand | The City of Tustin is a highly desirable place to live with good schools and excellent weather promoting year round outdoor activities. These factors coupled with a shortage of supply offer a savvy developer/investor the opportunity to capitalize and provide a large infill development opportunity in a market where comparable home sales exceed $1million.
RENOWNED ENTERTAINMENT LOCATION WITH EXPANDING RESORT AMENITIES
* Highly Desirable Location | Tustin is close to world-famous Disneyland, whose $2-billion upgrades over the next decade and annual economic impact of $5.7 billion reflect a commitment to Central Orange County that reflects the area’s deep employment pool and excellent infrastructure system that can absorb hyper-growth. This central location has convenient freeway access and offers ease of commute for the area’s businesses and tenants, as well an affordable alternative to other costly areas of Orange County.
* Multi-Modal Transportation Access | The surrounding multi-modal transit hub offers ease of commute for the region’s workforce, as well as proximity to executive
housing. Located immediately off SR-55 freeway and Interstate 5 interchange, the asset has superb access to I-405, SR-57, and SR-91, as well as John Wayne Airport and several Metrolink stations. Such access to critical infrastructure is as important as ever for business success and employee retention.
* Resort Style Amenities | The property’s proximity to a large amenity base is intrinsically irreplaceable with such amenities as: South Coast Plaza, Old Town Tustin, Irvine Spectrum, Fashion Island, Angel Stadium, Honda Center, Disneyland,
Old Towne Orange, UCI Medical Center, Chapman University to name a few.
Highlights
- GENERATIONAL OPPORTUNITY TO OWN 5-BUILDING/9.62 ACRE OFFICE CAMPUS IN CENTRAL OC WITH POTENTIAL PATH TO RESIDENTIAL DEVELOPMENT
All available spaces
- Space
- The North Bldg
- Size
- 29,878 SF
- Space Subtype
- Office
- Space
- The East Bldg
- Size
- 29,604 SF
- Space Subtype
- Office
- Space
- The West Bldg
- Size
- 29,883 SF
- Space Subtype
- Office
- Space
- The South Bldg
- Size
- 29,872 SF
- Space Subtype
- Office
- Space
- The Central Building
- Size
- 73,408 SF
- Space Subtype
- Office
Nearby Properties
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