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1403 N Tustin Ave 61,833 SF 76% Leased Office Building Santa Ana, CA 92705 $18,500,000 ($299.19/SF) 6.31% Cap Rate
Investment Highlights
- Medical Investment Opportunity | 79% Occupied | 6.14 Year WALT
- 55 Freeway Frontage | Walking Distance to Amenities
- High Image Interior Buildouts
- Anchored by Acuity Eye Group Occupying 54% of the Building
- Oversized Central Atrium with Lush Greenery and Seating Areas
Executive Summary
Elevator served, 71% occupied medical investment opportunity with 55 freeway frontage, a Medicare certified surgery center, and surrounded by amenities.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
61,833 SF
Building Class
B
Year Built
1987
Price
$18,500,000
Price Per SF
$299.19
Cap Rate
6.31%
NOI
$1,167,350
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
20,611 SF
Building FAR
0.53
Lot Size
2.66 AC
Zoning
P, - Professional
Parking
218 Spaces (3.53 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Courtyard
- Signage
- Central Heating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
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| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 002 | 596 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 140 | 1,835 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 230 | 2,493 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 235 | 319 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 3,340 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 002
| Size |
| 596 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 140
| Size |
| 1,835 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 230
| Size |
| 2,493 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 235
| Size |
| 319 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 3,340 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 002
| Size | 596 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
call to show
1st Fl-Ste 140
| Size | 1,835 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
call to show
2nd Fl-Ste 230
| Size | 2,493 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
call to show
2nd Fl-Ste 235
| Size | 319 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
call to show
2nd Fl-Ste 250
| Size | 3,340 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
call to show
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 400-221-03 | Improvements Assessment | $4,881,556 |
| Land Assessment | $6,579,490 | Total Assessment | $11,461,046 |
Property Taxes
Parcel Number
400-221-03
Land Assessment
$6,579,490
Improvements Assessment
$4,881,556
Total Assessment
$11,461,046
Contacts
-
Steve Economos -
Geoffrey DeWolf -
Matthew Economos -
David Economos -
Economos DeWolf, Inc.
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1403 N Tustin Ave
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