15501 Red Hill AveTustin, CA 92780

This exceptional 44,123 square foot industrial flex building in Tustin, CA, presents a compelling owner-user investment opportunity. Located at 15501 Red Hill Ave, this single-story, Class B property boasts a 24-foot clear height and sits on a 2.45-acre lot in the desirable Orange County market. Currently 56% occupied with two tenants under a net lease with 3% annual rent bumps, the property offers a 3.2-year remaining lease term expiring January 31, 2028. The current NOI is $521,000, with a pro-forma NOI of $1,050,000 projected upon full occupancy. Built in 1984 and renovated in 2018, the property features ample parking (3 spaces per 1,000 sq ft) and is zoned PC - Industrial/Business, catering to a variety of uses including biotech, fashion, engineering, manufacturing, and office operations. The asking price is $18,950,000, representing a current cap rate of 2.75% and a pro-forma cap rate of 5.54%. The property benefits from a prime location at a signalized intersection, offering high visibility and excellent access to major transportation routes, including the SR-55 Freeway. This is an ideal opportunity for a business seeking to own and operate from its own facility, leveraging the strong existing tenancy and significant upside potential. The property includes one lease option.