For Sale
$3,425,000

2070 Tustin AveSanta Ana, CA 92705

9,032 SF Office, Owner-User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This two-story, 9,032 square foot freestanding office building in Santa Ana, CA presents a unique owner-user opportunity. Located at 2070 N Tustin Ave, this property boasts a prime location near the 55, 5, and 22 freeways, offering easy access to major transportation routes and numerous nearby amenities. Built in 1981 and renovated in 2024, the building features a functional layout including a reception area, private offices, a conference room, open areas with cubicles, restrooms, and a kitchenette/employee lounge. The ground floor, approximately 4,016 square feet, is currently available for an owner-occupant, while the second floor (also approximately 4,016 square feet) is leased to a construction company through June 30, 2028, with two one-year lease options. The current monthly rent for the second floor is $7,875 gross, with a scheduled rent abatement in March 2025 and 3% annual increases starting May 1, 2025. The asking price is $3,425,000 ($379 per square foot). This property offers a compelling investment opportunity, allowing a buyer to lock in their occupancy costs and build equity. The building's configuration, with its vaulted ceilings and abundant natural light, makes it an attractive space for a variety of businesses. The prominent location on N Tustin Ave provides excellent visibility and signage opportunities. This sale satisfies an SBA loan requirement provided the new owner's company pays for 51% or more of the building income. A 25-year fully amortized 90% SBA loan is possible.

Highlights

  • Two-story, 9,032-sf office building with ±4,016-sf ground floor available; second floor leased to June 30, 2028.
  • Owner-user opportunity; owner will vacate upon close of escrow, satisfying SBA loan requirements with 51%+ building income from new owner.
  • Functional layout with private offices, cubicles, conference room, and multiple restrooms on each floor.
  • Excellent location, one block from the 55 Freeway, minutes from downtown Orange, Santa Ana, and Old Town Tustin, with easy access to the 5 and 22 Freeways.
  • Abundant nearby restaurants and amenities.
  • Secure your occupancy costs with a 25-year, 90% SBA loan.

Property Details for 2070 Tustin Ave

Property type
Retail properties, Office properties
Square Feet
9,032 SF
Year Built/Renovated
1981/2024

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.7637007
Longitude
-117.8361111
2070 Tustin Ave, Santa Ana, California

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2070 Tustin Ave
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