17332 Irvine Blvd Tustin, CA 92780

This exceptional two-story executive office building, located at 17332 Irvine Blvd in Tustin, California, presents a compelling investment opportunity. Boasting 24,287 square feet on a one-acre lot, this Class B property offers a compelling blend of established income and significant upside potential. Built in 1973 and extensively renovated in 2017, the building features elevator service and convenient corner location at Irvine Blvd and Yorba St. Currently 95% occupied with a mix of tenants and staggered lease terms, it demonstrates a history of stable and reliable income generation. The current asking price is $5,995,000 ($247 per square foot), reflecting a 4.74% cap rate with a pro-forma cap rate of 8.13%, indicating substantial room for rent increases. Small suite sizes contribute to efficient management and leasing. The property's strategic location, just one block east of the 55 Freeway and a half-mile from Old Town Tustin, provides excellent access to major transportation arteries and a vibrant community. The ample parking (3.1 spaces per 1,000 sq ft) caters to tenant and visitor needs. This property offers a rare combination of immediate income and long-term growth potential in a highly desirable Orange County location.