14201 Franklin Ave
Tustin, CA 92780
Bespoke Tustin · Office Property For Sale

HIGH IMAGE CREATIVE OFFICE PROPERTY OFFERING EXTREMELY LONG TERM, STABLE CASH FLOW WITH FORTUNE 500 CREDIT TENANT 100% leased with 11+ years remaining to ABM (NYSE:ABM), the facility management leader with more than $5.2 billion in annual revenue. ABM has more than 130,000 employees and 350 offices throughout the US, Canada and Europe. The company delivers a range of facility and building maintenance services, including the outsourcing of services on behalf of real estate occupiers. Recent substantial above standard renovations total more than $5.5 million and include a new, high-image lobby with master stair, an impressive creative-office interior buildout, new windows throughout the project, new roof and rollup doors. Additionally, the tenant paid over $1.2 million towards a new central plant and other building systems that cover new power, windows and fiber optics. STRONG SUBMARKET FUNDAMENTALS The Greater Airport Area is one of the most desirable investment markets in the county. The office market continues to be characterized by strong fundamentals with positive net absorption, lack of available space and robust rental rate growth. A recent wave of redevelopment projects has effectively taken away approximately one million square feet from the low-rise market. As a result of this dwindling supply, vacancy for low-rise office in the Airport Area has dramatically fallen to a historic low of 6.9%. STRATEGIC LIVE-WORK-PLAY IRVINE BUSINESS CENTER LOCATION The Property is centrally located just off the 261 Corridor, offering superb regional access to all of Southern California via the I-5 and SR-55 Freeways. Proximity to executive housing in the Tustin Hills as well as in such exclusive neighborhoods south of the Property as Irvine, Newport Beach, Costa Mesa, Laguna Beach and Corona Del Mar.