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Office Medical

Monterey Building

17452 Irvine Blvd, Tustin, CA 92780

Listing Price: $4,000,000

Cap Rate
0.69%
Rentable SF
11,130
Occupancy
56.0%
Year Built
1968
Lot Size
0.52 acres

Investment Overview

Marcus & Millichap is pleased to present this rare oppotunity for an owner/user or investor to acquire an 11,400 square foot multi tenant Medical / Professoinal Office Building located in the heart of old downtown Tustin, CA, located at 17452, and referred to as the Montery Building. The property is situated at the hard corner of Irvine Blvd and North A Street and provides for exceptional street front signage exposure. Behind the building there are 37 exclusive parking spaces (5.39:1,00 parking ratio). Constructed in 1968 the building has gone through several upgrades and in 2008 a significant upgrade was made to the electrical systems adding 800Amp and 3 electrical panels. Suite 100, the surgery centery, added positive pressure air, addition of HVAC mechanical systems, full buildout of the front desk, meeting and dental/surgery rooms. There were also 4 newly designed professional office suites, with storage closets and bathroom added to the lower level building configuration.

The property is suitable for professional and medical office use. Currently there is available for immediate occupancy a 3,770 square foot dental/surgery suite formally occupied by a maxillofacial surgical specialist. The suite is perfect for a medical, dental, or outpatient surgery user (all FF&E availalbe*) and combined with available space in the building would qualify for SBA financing*. The property is 49% occupied, has existing income in place, and upside potential to restructure renewing leases and capture of future expense reimbursements.

This submarket’s demographics feature very attractive $129K+ average household incomes within a 1 mile radius of the subject property. The property is easily accessible from anywhere in the Orange County MSA - major retail, medical, hospital and leisure activity; and in close proximity to Interstate I-5 and the I-55 Freeways.


*Consult your SBA lender for qualifying criteria. All FF&E sold separately.

Investment Highlights

  • 11,400-Square Foot Multi-Tenant Medical/Dental and Professional Office Building
  • Immediate Available Fully Built-Out 3,770 Square Foot Medical/Dental & Surgery Office.
  • Perfect Owner-User Opportunity w/ Existing Income In-Place and SBA Financing
  • High Visibility on Hard Corner of Irvine Blvd and North A Street. Large On-Site Rear Parking Area

Exclusively Listed By

Financing By

Office Medical

Monterey Building

Listing Price: $4,000,000

Cap Rate
0.69%
Rentable SF
11,130
Occupancy
56.0%
Year Built
1968
Lot Size
0.52 acres

Investment Highlights

  • 11,400-Square Foot Multi-Tenant Medical/Dental and Professional Office Building
  • Immediate Available Fully Built-Out 3,770 Square Foot Medical/Dental & Surgery Office.
  • Perfect Owner-User Opportunity w/ Existing Income In-Place and SBA Financing
  • High Visibility on Hard Corner of Irvine Blvd and North A Street. Large On-Site Rear Parking Area

Investment Overview

Marcus & Millichap is pleased to present this rare oppotunity for an owner/user or investor to acquire an 11,400 square foot multi tenant Medical / Professoinal Office Building located in the heart of old downtown Tustin, CA, located at 17452, and referred to as the Montery Building. The property is situated at the hard corner of Irvine Blvd and North A Street and provides for exceptional street front signage exposure. Behind the building there are 37 exclusive parking spaces (5.39:1,00 parking ratio). Constructed in 1968 the building has gone through several upgrades and in 2008 a significant upgrade was made to the electrical systems adding 800Amp and 3 electrical panels. Suite 100, the surgery centery, added positive pressure air, addition of HVAC mechanical systems, full buildout of the front desk, meeting and dental/surgery rooms. There were also 4 newly designed professional office suites, with storage closets and bathroom added to the lower level building configuration. The property is suitable for professional and medical office use. Currently there is available for immediate occupancy a 3,770 square foot dental/surgery suite formally occupied by a maxillofacial surgical specialist. The suite is perfect for a medical, dental, or outpatient surgery user (all FF&E availalbe*) and combined with available space in the building would qualify for SBA financing*. The property is 49% occupied, has existing income in place, and upside potential to restructure renewing leases and capture of future expense reimbursements. This submarket’s demographics feature very attractive $129K+ average household incomes within a 1 mile radius of the subject property. The property is easily accessible from anywhere in the Orange County MSA - major retail, medical, hospital and leisure activity; and in close proximity to Interstate I-5 and the I-55 Freeways. *Consult your SBA lender for qualifying criteria. All FF&E sold separately.

Exclusively Listed By

Financing By

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