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
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