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2692 Dow Avenue

Deercreek Yorba Linda LLC Acquires Industrial Property From Bob Istwan For $22.25M In Tustin
SOLDIndustrial

Deercreek Yorba Linda LLC Acquires Industrial Property From Bob Istwan For $22.25M In Tustin

2692 Dow Avenue

$22,250,000

$404/SF

Building Size

55,022 SF

Asset Type

Industrial

Closing

Mar 13, 2026

AI

The transaction involves a 55,022-square-foot industrial property located at 2692 Dow Avenue in the Tustin Legacy District, with a sale price of $22,250,000. The property features approximately $3 million in upgrades, comprising 25,000 square feet of office space alongside nearly 30,000 square feet of warehouse space. The acquisition was made by Deercreek Yorba Linda LLC, with Motive Energy and its CEO Bob Istwan acting as the seller.

Summary of transaction details:

Voit Real Estate Services successfully facilitated the sale-leaseback transaction involving this industrial property, further demonstrating their role in the commercial real estate market. The brokers Peter Castleton, Adam Hill, Mitch Zehner, and Michael Zehner played key roles in managing the transaction to completion.

Players

Peter Castleton

Voit Real Estate Services

Broker

$82.3M

vol

3 deals

Broker
Bob Istwan

Bob Istwan

Motive Energy

Seller

$22.3M

vol

1 deal

Seller

Tustin Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93