17332 Irvine Boulevard, Tustin, CA 92780

  • $5,995,000
  • $247
17332 Irvine Boulevard, Tustin, CA 92780
  • Commercial Sale
  • Property Type
  • 1973
  • Year Built
For Sale
17332 Irvine Boulevard, Tustin, CA 92780
  • $5,995,000
  • $247

Overview

Property ID: SGR-28580276
  • Commercial Sale
  • Property Type
  • 1973
  • Year Built

Description

17332 Irvine Blvd, Tustin, CA 92780. Two-story 24,287-square-foot, elevator-served office building built in 1973 on an approximate 1.0-acre parcel with no association. The building is 95% occupied with two small vacant suites totaling 1,236 square feet. 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. Current rents are well below market. Market rents will generate a proforma cap rate over 8.0% (see Page 18). This should be very achievable given the high current occupancy and small tenant sizes.

  • Address 17332 Irvine Boulevard
  • City Tustin
  • State/county CA
  • Zip/Postal Code 92780
  • Area 71 - Tustin
  • Country United States

Details

Updated on April 6, 2024 at 2:50 am
  • Property ID: SGR-28580276
  • Price: $5,995,000
  • Land Area: 43560.00 m²
  • Year Built: 1973
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 24287.00
  • MLS#: 24376525
  • Office Name: ECONOMOS DEWOLF, INC.
  • Agent Name: Geoffrey Dewolf
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01319312

Additional details

  • County: Orange
  • Parking: 75.00

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