Tustin CA Real Estate & Commercial for Sale

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.

Wellington Pines offers a picturesque setting for a professional office condominium. Conveniently located near major freeways (5, 55, and 22), this central Tustin address is strategically positioned in the bustling business hub. Spanning approximately 900 square feet, this office boasts a coveted ground-floor placement and features three private offices, ideal for individual workspaces or collaborative sessions. Additionally, it includes a welcoming lobby/waiting room area, perfect for receiving clients or guests. The office also boasts an exclusive en-suite bathroom for added convenience. Furthermore, the complex provides access to separate public restrooms and ample parking facilities, ensuring both clients and employees enjoy a comfortable and accessible workspace. (More pictures coming soon)