400 N Tustin Ave - Medical FOR SALE


Santa Ana, CA 92705
$18,950,000 USD
714-564-7117
400 N Tustin Ave, Santa Ana, CA for Sale
$18,950,000 USD
Medical - FOR SALE
1/13
null | Request Cap Rate

400 N Tustin Ave
Santa Ana, CA 92705


HIGHLIGHTS

  • OWNER/USER OPPORTUNITY - Approximately 35,709 SF is immediately available for occupancy.
  • STABLE IN-PLACE CASH FLOW - The property is 71.4% occupied by 29 tenants, generating diversified in-place income.
  • MEDICAL OFFICE EXPANSION POTENTIAL - Current zoning and parking support approximately 16,500 SF of medical office use.
  • LONG-TERM REDEVELOPOMENT OPTIONALITY - Adjacent properties are located within the City of Santa Ana's Village Center District residential overlay.

OVERVIEW

Lee & Associates ("L&A"), as exclusive advisor, is pleased to present the opportunity to acquire ParkCenter 400, a 125,043-square-foot institutional office investment situated on 4.90 acres in the heart of Central Orange County. The Property combines immediate owner-user occupancy, stable in-place cash flow, phased occupancy expansion, medical office growth potential, and long-term redevelopment optionality—providing multiple paths to value through immediate owner-user occupancy, stable in-place income, occupancy expansion, medical office growth, and long-term redevelopment optionality. Approximately 35,709 square feet is immediately available, with additional occupancy opportunities created through scheduled lease expirations over time.

FOR SALE DETAILS

PRICE

$18,950,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

ParkCenter 400

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

408

LAND DETAILS

LAND ACRES

4.9 AC

LAND SF

213,444 SF

ZONING

OP

APN/PARCEL ID

400-043-08,400-043-09

ASK ABOUT THIS PROPERTY

Marshal VogtLee & AssociatesMore Info
714-564-7117

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Marshal VogtLee & AssociatesMore Info
714-564-7117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.