17332 Irvine Boulevard

Tustin, CA 92780

$5,995,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1973

calendar_month Built

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.

Listing Information

List Price $5,995,000
Status Active
MLS 24376525
HOA $0
Type Commercial
Year Built 1973
Lot Size 43,560
Structure Size N/A
DOM 134
Courtesy Of Economos Dewolf, Inc.
Listing Agent Geoffrey Dewolf DRE#01319312

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Geoffrey Dewolf, Economos Dewolf, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.