Listed by Economos Dewolf
$2,535,000
17722 Irvine Blvd
Details
Property Type Office
Sub Type Traditional Office
Square Footage 7,557
Tenancy Single
Brand/Tenant ISM Interstate Specialty Marketing Incorporated
Price per SqFt $335
Year Built 1975
Stories 2
Parking Spaces 21 spaces
Parking Per SqFt 2.78
Investment Type Owner/User
17722 Irvine Blvd, Tustin, CA 92780
Marketing description
7,557-SF Owner-User Office Building with Irvine Blvd Frontage and 11 Covered Parking Spaces
Two-story, freestanding office building built in 1975 with covered parking and a functional mix of private offices and open workspace.
Investment highlights
- Prime Tustin location with Irvine Blvd frontage and only 10 minutes to John Wayne Airport.
- The property features a functional office buildout with a portion of the building in shell condition, allowing for a new owner to complete their own desired improvements.
- Exceptional opportunity to own and occupy a freestanding building in the heart of Tustin.
- Lock in a cost of occupancy with a 25-year fully-amortized 90% SBA loan, protecting against runaway lease rates. Build equity for yourself instead of a landlord.
- Located within close proximity to numerous restaurants and amenities (see Amenities Map - Page 6), enhancing employee convenience and tenant appeal.
- Priced to sell at $335/SF, this offering is an attractive value compared to the sale comps on Page 15.
- A cost segregation study can reclassify 10-30% of its basis into short-life assets that qualify for 100% bonus depreciation, reinstated by the One Big Beautiful Bill Act (effective for property placed in service after Jan 19, 2025). This lets an owner immediately expense those components in year one, often generating substantial federal tax savings (confirm with your tax professional).
- Parking: There are 21 total parking stalls at the property for a ratio of 2.8 per 1,000-SF: 11 covered parking stalls and 10 surface stalls.
- Condition: There are six HVAC units, whichhave been serviced quarterly. The roof has a 20-year warranty plan with four years remaining.
Listing Contacts
Listed by Economos Dewolf
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