Freestanding Office Building For
2070 N Tustin Ave Santa Ana, CA 92705
2070 N Tustin Ave, Santa Ana, CA, 92705
Contact for pricing
For Sale
Contact for pricing
Two-story office building with lease income and owner-user opportunity.
Property Size9,032 SF
Price / SF$328.83
Days on Market659
Property Features for 2070 N Tustin Ave
General Information
- Standard status
- Active
- Size
- 9,032 SF
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing Agency
Economos Dewolf
Listed by
Geoff DeWolf · License #01319312
Source
Crexi
Added: Sep 26, 2024 Checked: Jul 16 at 9:55 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Economos Dewolf
Investment Insights
Based on property information with market context.
This freestanding office building, constructed in 1981, features a reception area and two stories of office space. The layout includes private offices, a conference room, an open area suitable for cubicles, restrooms, and a kitchenette/employee lounge. The building offers an owner-user opportunity with approximately 4,516 square feet available on the ground floor. The second floor, also approximately 4,516 square feet, is currently leased to a construction company through June 30, 2028, with options to extend the lease for two additional one-year terms. The current rental income is $7,875 per month on a Full Service Gross lease, with scheduled annual rent increases of 3% beginning May 1, 2025. The total property size is 9,032 square feet.
Key Highlights
- Owner‑user opportunity to occupy the ±4,516‑SF ground floor.
- The ±4,516‑SF second floor is leased through June 30, 2028, with options to extend.
- Existing lease provides $7,875 Full Service Gross monthly income.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $233.0k | $25.80 |
| − Vacancy | −$43.1k | −$4.77 |
| EGI | $189.9k | $21.03 |
| − OpEx | −$47.5k | −$5.26 |
| NOI | $142.4k | $15.77 |
9,032 SF · lease $25.80/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,437 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.71M
$2.38M – $3.17M
NOI $190,011 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brad Calvin
Law Firm
Anderson & Anderson
Law Firm
Chambers & Noronha
Law Firm
Isais & Pfeiffer LLP
Law Firm
Calvin Bradford
Law Firm
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FAQs
What type of property is this?
Office building - Two-story office building with lease income and owner-user opportunity.
Where is this office building located?
The property is located at 2070 N Tustin Ave Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,970,000.
What are key features of this property?
This property features: Owner‑user opportunity to occupy the ±4,516‑SF ground floor.; The ±4,516‑SF second floor is leased through June 30, 2028, with options to extend.; Existing lease provides $7,875 Full Service Gross monthly income.
