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17332 Irvine Boulevard

Tustin, CA 92780
  • $5,995,000
  • STATUS: Active
  • ON SITE: 199 Days
  • ID#: 24376525
UPDATED: 180 min ago
$5,995,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1973
County:
Area:

School Ratings & Info

Listing Agent(s): Geoffrey Dewolf of Economos Dewolf, Inc. (949-576-2751)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-03T00:28:42.86. 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 deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/149186768
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17332 Irvine Boulevard Tustin, CA 92780

  • Price: $5,995,000
  • Status: Active
  • On Site: 199 Days
  • Updated: 180 min ago
  • ID#: 24376525
0
Beds
0
Baths
0
½ Baths
1
Acres
1973
Built
Neighborhood:
71 - Tustin
County:
Orange
Area:
71 - Tustin
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.
Exterior Features

Parking Total 75

Property Features

Association Fee 0 Listing Agreement Seller Reserved Listing Service Full Service Special Listing Conditions Standard



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-03T00:28:42.86. 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 deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
 
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Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): Geoffrey Dewolf of Economos Dewolf, Inc. (949-576-2751)