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News Release: JUST CLOSED I Tustin Medical Arts Center | ±45,771 SF Total

Just Closed

Tustin Medical Arts Center

Tustin, California

 

Successfully Represented Buyer and Seller

Transaction Highlights

+ Attractive Centrally Located Multi-Tenant Medical Office Portfolio with Cash Flow in the Heart of Tustin

+ Excellent Four-Building Office Space Featuring Signage Opportunities Adjacent to a Signalized Intersection, Low-Rise Building Access, and Exceptional Neighboring Retail Amenities

+ CBRE Best in Class Marketing Resulted in Identifying Private Capital Clients

+ Acquisition Provides New Ownership with Attractive Future Upside Due to its Diverse Mix of Medical Tenants and Secured Cash Flow in a Sub-Market with High Rental Growth Velocity

+ Portfolio’s Flexible Suite Sizes, Range from 800 – 3,200 SF, Ideal for Independent Medical Providers

+ Sold at $4,500,000/Building and $393/SF

+ Closed Escrow at 4.75% Cap Rate

+ NNN lease terms Provides Exceptional Ease to New Ownership, Providing Secure Passive Income

+ Orange County is Among the Top Investment Market in the Americas in 2021 Among Investors, Reflecting the County’s Strong Absorption, Low Vacancy and Sustained Rent Growth

+ Within Minutes to the 55 and 5 Freeways and is a Short Drive to All of Orange County, Riverside County and Los Angeles County

$18,000,000 Purchase Price

1967-1972 Year Built

±45,771 SF Building Size

±3.89 Acres Lot Size

Contact Us

Investment Sales

ERIC CHEN
+1 909 418 2071
Lic. 01489184
eric.chen@cbre.com

ANTHONY DELORENZO
+1 949 725 8425
Lic. 01706686
anthony.delorenzo@cbre.com

DOUG MACK
+1 949 725 8571
Lic. 01804065
doug.mack@cbre.com

GARY STACHE
+1 949 725 8532
Lic. 00773736
gary.stache@cbre.com

BRYAN JOHNSON
+1 949 809 3762
Lic. 02018612
bryan.johnson@cbre.com

TAYLOR FRIEND
+1 949 725 8425
Lic. 01885394
talyor.friend@cbre.com

cbre.com

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