Tustin, CA 92780 17332 Irvine Boulevard
$5,995,000
3 more
Presented By: Geoffrey Dewolf with Economos Dewolf, Inc.
Home Details
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.
Presented By: Geoffrey Dewolf with Economos Dewolf, Inc.
Interior Features for 17332 Irvine Boulevard
Bathrooms
Total Baths
Other Interior Features
Street SuffixBoulevard
Total Stories2
General for 17332 Irvine Boulevard
Buyer Agent Compensation2.500
Buyer Agent Compensation Type%
CityTustin
CountyOrange
Days on Market3
DirectionsImmediately east of the 55 Freeway on the corner of Irvine Blvd and Yorba St.
HOA
Lot Size Square Feet43560
MLS Area71 - Tustin
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Street NameIrvine
Year Built1973
Exterior for 17332 Irvine Boulevard
Building Area Total24287
Lot Size Acres1
Lot Size Area43560
Lot Size UnitsSquare Feet
Total Parking75
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480