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Chambers Law Building 2070 N Tustin Ave 9,032 SF Office Building Santa Ana, CA 92705 $2,970,000 ($328.83/SF)
INVESTMENT HIGHLIGHTS
- Asking Price of $2,970,000 (±$329/sf).
- North corner of the office park with prominent N Tustin Ave signage.
- 2nd floor is leased through June 2028 to a construction company.
- Two-story, freestanding 9,032-sf office building.
- User buyer can occupy the ground floor, currently with a law firm buildout.
- Easy access to the 55, 5, and 22 Freeways.
EXECUTIVE SUMMARY
Freestanding office building built in 1981 with reception area and two stories of private offices, conference room, open area with cubicles,
restrooms, and a kitchenette/employee lounge.
Owner-user opportunity for a buyer to occupy the ±4,016-SF ground floor.
The ±4,016-SF second floor is leased to a construction company though June 30, 2028, with two one-year options to extend the lease. Current rent is $7,875 Full Service Gross per month. Rent is scheduled to be abated for one month in March, 2025, and there are 3% annual increases scheduled beginning May 1, 2025.
restrooms, and a kitchenette/employee lounge.
Owner-user opportunity for a buyer to occupy the ±4,016-SF ground floor.
The ±4,016-SF second floor is leased to a construction company though June 30, 2028, with two one-year options to extend the lease. Current rent is $7,875 Full Service Gross per month. Rent is scheduled to be abated for one month in March, 2025, and there are 3% annual increases scheduled beginning May 1, 2025.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
9,032 SF
Building Class
B
Year Built
1981
Price
$2,970,000
Price Per SF
$328.83
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,516 SF
Slab To Slab
11’
Building FAR
0.94
Lot Size
0.22 AC
Zoning
C-5
Parking
40 Spaces (4.43 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 396-332-06 | Improvements Assessment | $696,348 |
| Land Assessment | $824,017 | Total Assessment | $1,520,365 |
PROPERTY TAXES
Parcel Number
396-332-06
Land Assessment
$824,017
Improvements Assessment
$696,348
Total Assessment
$1,520,365
CONTACTS
-
Geoffrey DeWolf -
Steve Economos -
Matthew Economos -
David Economos -
Economos DeWolf, Inc.
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Chambers Law Building | 2070 N Tustin Ave
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