Active
17332 Irvine Boulevard
Tustin CA, 92780
$5,995,000
$246.84 per sqft
Active
24,287 sqft
Commercial
Built in 1973
Listed by Geoffrey Dewolf with Economos Dewolf, Inc. 949-576-2751
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.
24376525
MLSⓇ ID
April 1, 2024
Listed
April 4, 2024
Updated
Map
17332 Irvine Boulevard
Tustin CA, 92780
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1 Acre
Other Property Details
Area Name
71 - Tustin
Days on Market
3
Garage
No
Parking Total
75
View
No
County
Orange
Pool
No
Buyer Agency Compensation
2.5%
Listing Contact: 949-576-2751
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Data last updated on 4/4/2024 at 11:40 PM UTC