CA > Tustin
Tustin, CA 92780,17332 Irvine BLVD
Tustin, CA 92780,17332 Irvine BLVD
Tustin, CA 92780,17332 Irvine BLVD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,995,000
Est. payment /mo
1 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24376525

HOA Y/N No

Year Built 1973

Lot Size 1.000 Acres

Property 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.

Location

State CA

County Orange

Area 71 - Tustin

Interior

Fireplace No

Exterior

Total Parking Spaces 75

Building

Story 2

Others

Tax ID 40151201

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Geoffrey Dewolf • Economos Dewolf, Inc.

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