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Office

18062 Irvine Blvd

18062 Irvine Blvd, Tustin, CA 92780

Listing Price: $3,500,000

Cap Rate
4.71%
Gross SF
14,445
Rentable SF
14,445
Price/Gross SF
$242.30
Lot Size
0.65 acres
Year Built
1972

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale18062 Irvine Boulevard, a 14,445- square foot three- story, professional office building situated on 28,321-square feet of land in the affluent North Orange County sub-market of Tustin, CA. The subject property is currently 100% occupied to a mix of local office tenants. There are a total of 27 office suites with an average suite size of 452 square feet. These ideal suite sizes are easily leasable with minimal tenant improvement costs between tenants. The tenants benefit from excellent parking, as there are a total of sixty surface parking spaces, a parking ratio of 4.15 per 1,000 square feet. This excellent parking creates the potential opportunity for medical use to occupy a portion of the property. The building offers excellent ingress and egress, allowing tenants to move freely in and out of the building. Daily traffic counts exceed 28,000 vehicles per day.

Investment Highlights

  • 100% OCCUPIED THREE STORY OFFICE BUILDING IN TUSTIN, CA
  • EXCEPTIONAL ASSET FUNDAMENTALS WITH SIGNIFICANT UPSIDE IN RENTS
  • EXCELLENT NORTH ORANGE COUNTY LOCATION

Exclusively Listed By

Financing By

Office

18062 Irvine Blvd

Listing Price: $3,500,000

Cap Rate
4.71%
Gross SF
14,445
Rentable SF
14,445
Price/Gross SF
$242.30
Lot Size
0.65 acres
Year Built
1972

Investment Highlights

  • 100% OCCUPIED THREE STORY OFFICE BUILDING IN TUSTIN, CA
  • EXCEPTIONAL ASSET FUNDAMENTALS WITH SIGNIFICANT UPSIDE IN RENTS
  • EXCELLENT NORTH ORANGE COUNTY LOCATION

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale18062 Irvine Boulevard, a 14,445- square foot three- story, professional office building situated on 28,321-square feet of land in the affluent North Orange County sub-market of Tustin, CA. The subject property is currently 100% occupied to a mix of local office tenants. There are a total of 27 office suites with an average suite size of 452 square feet. These ideal suite sizes are easily leasable with minimal tenant improvement costs between tenants. The tenants benefit from excellent parking, as there are a total of sixty surface parking spaces, a parking ratio of 4.15 per 1,000 square feet. This excellent parking creates the potential opportunity for medical use to occupy a portion of the property. The building offers excellent ingress and egress, allowing tenants to move freely in and out of the building. Daily traffic counts exceed 28,000 vehicles per day.

Exclusively Listed By

Financing By

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