Updated Sep 11, 2026
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
About this deal
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
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