Homes for sale - 17332 Irvine Blvd, Tustin, CA 92780

REQUEST A TOUR

In-PersonVirtual Tour

Jeffrey Payatt

jpayatt@gmail.com +1(805) 886-2324

$ 5,995,000

Est. payment | -/mo

24,287 SqFt

Save

$ 5,995,000

Est. payment | -/mo

Save

24,287 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 24,287 sqft

Price per Sqft $246

MLS Listing ID 24-376525

Year Built 1973

Lot Size 1.000 Acres

Acres 1.0

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 Tustin

Exterior

Garage Spaces 75.0

Building

Story 2

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Economos Dewolf, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 886-2324

jpayatt@gmail.com

17332 Irvine Blvd Tustin, CA 92780

Jeffrey Payatt

Key Details

Location

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

17332 Irvine Blvd