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1525 North Tustin Avenue

The Regional Center Of Orange County Signs 102631 SF Lease At Tustin Centre With Greenlaw Partners
LEASEDOffice

The Regional Center Of Orange County Signs 102631 SF Lease At Tustin Centre With Greenlaw Partners

1525 North Tustin Avenue

Building Size

102,631 SF

Asset Type

Office

Closing

Jun 16, 2025

AI

The property asset involved in this transaction is an office space located at 1525 North Tustin Avenue in the North Tustin market, encompassing a total square footage of 102,631. The landlord for this lease is Wilbur Smith III representing Greenlaw Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1525 North Tustin Avenue
  • Market: North Tustin
  • Asset Size: 102,631 SF
  • Landlord: Wilbur Smith III - Greenlaw Partners
  • Tenant: Larry Landauer - The Regional Center of Orange County
  • Broker: Kyle Sherburne - HRS Commercial
  • Lease Details: The Regional Center of Orange County signed a lease renewing 82,042 SF and expanding by 20,589 SF

This transaction features key individuals including tenant representative Kyle Sherburne from HRS Commercial, who facilitated this significant deal. The Regional Center of Orange County remains the sole occupant of Tustin Centre II, marking a notable expansion within their leased space.

Players

Kyle Sherburne

HRS Commercial

Broker

$59.9M

vol

2 deals

Broker
HRS Commercial
HRS CommercialBrokerage
Wilbur Smith III

Wilbur Smith III

Greenlaw Partners

Landlord

$183.2M

vol

7 deals

Landlord
Greenlaw Partners
Greenlaw PartnersLandlord

Santa Ana Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93