Available For Sale - Office

38,521 SF | Show Pricing $

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LISTED BY

Allen Basso
Lee & associates, 949-727-1200
Steve Gonzales
Lee & Associates, 602-474-9588
Marcus Muirhead
Lee & Associates | Arizona, 602-474-9589
Greg Guglielmino
Lee & Associates, 602-474-9590

AVAILABILITY DETAILS

Size
38,521 SF
Price/SF
Show Pricing $
Listing ID
SA533964
Notes
Property Type Office Building

Total Building Size 38,521 Sq.Ft.

Land Size 2.46 acres

Use General Office

Year Built 1971

Zoning 3-COM

Parking ±152 Surface Stalls

Number of Stories Two (2)

Tenancy Multi-Tenant

Parcel Number 445-081-18 & 445-081-19

2022 Property Tax $47,084.37



OFFERING HIGHLIGHTS

• Two (2) freestanding office buildings totaling 36,950 square feet

• 100% Leased

• Ground lease that expires in 2032

• Approximately 4: 1,000 parking with 152 surface parking stalls

• Located down the street from John Wayne Airport

• Low retaining costs - average TIs are below $5.00 per square foot

• Courtyard building with little common area and reduced expenses



OFFERING PRICE:

$1,600,000

CAP RATE:

1 6.72%

OFFERING PRICE PER SQUARE FOOT:

±$43.30/SF

OCCUPANCY:

100%

TOTAL SQUARE FEET:

±38,521

NUMBER OF TENANTS | TOTAL SUITES:

26

AVERAGE EXISTING RENTAL RATE:

$2.54 PSF FSG
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Allen Basso, Lee & associates