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.
On the Map
$91,000,000
$758/SF
Office
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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