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1382 Bell Avenue

SteelWave Sells Tustin Office Building For $91M With JLL Brokers
SOLDOffice

SteelWave Sells Tustin Office Building For $91M With JLL Brokers

1382 Bell Avenue

$91,000,000

$758/SF

Building Size

120,000 SF

Asset Type

Office

Closing

Jul 26, 2022

AI

The office property located at 1382 Bell Ave. in Tustin has been sold for a total of $91,000,000. The property spans a total area of 120,000 square feet, resulting in a price per square foot of $758. This transaction was completed by SteelWave as the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $91,000,000
  • Address: 1382 Bell Ave., Tustin
  • Market: Tustin
  • Square Feet: 120,000
  • Price per Square Foot: $758

The sale of this office property was facilitated by JLL, with the representation of Blake Bokosky, Mark DeGiorgio, Michael Leggett, and Adam Lasoff from their team.

Players

Adam Lasoff

JLL

Broker

$633M

vol

6 deals

Broker
S
SteelWaveSeller

Tustin Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93