NAI Capital Negotiates Sale of Medical Office Condos in Tustin, CA
Irvine, CA January 22, 2019– Senior Vice President John Manion and Senior Associate Jeanene Stolrow with NAI Capital’s Irvine office completed the sale of two medical office condominiums totaling 8,861 square foot in Tustin, California. John and Jeanene represented both the buyer, Srikrpa Holdings, LLC, and seller, Dunbar Walnut, LLC. The total sale price was $2,749,080, or $310 per square foot.
The condos, units 105 and 110, are located within Tustin Corporate Center at 2492 Walnut Ave. The building was built in 1986 and the condos was renovated in 2017. Tustin Corporate Center is a two-story medical-office use building situated on a 28,750 square foot lot. The units enjoy new construction, fully built-out for medical office use with 8 examination rooms, X-ray room, and physical therapy room. The condos have great visibility with an extensive glass line, a corner suite with private entrance and includes a 28' clear height warehouse with an extra-large roll up door, and ample parking.
The property has convenient access to the 5, 55 and 405 freeways and the 261 toll road. It is minutes to The District and the Marketplace Irvine with great local area amenities such as restaurants, banking and retail stores.
John said, “This is an exceptional opportunity for the buyer to acquire a newly renovated medical-office condo in a market where medical-office space remains tight. Tustin Corporate Center is in a good location which will yield the buyer a great return on their investment.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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