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 4, 2024

Listed

July 14, 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 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 6:20 AM UTC

 

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