15501 Red Hl Ave Tustin, CA 92780-7302
- Industrial properties
- 33,084 SF
- 2.45 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 15501 Red Hl Ave
- Year built
- 1984
- Lot size
- 2.45 lot acres
- Property size
- 33,084 SF
- Property type
- Industrial properties
- APN
- 430-233-06
- APU
- 43023306
Description
This exceptional 44,123 square foot industrial flex building in Tustin, CA, presents a compelling owner-user investment opportunity. Located at 15501 Red Hill Ave, this single-story, Class B property boasts a 24-foot clear height and sits on a 2.45-acre lot in the desirable Orange County market. Currently 56% occupied with two tenants under a net lease with 3% annual rent bumps, the property offers a 3.2-year remaining lease term expiring January 31, 2028. The current NOI is $521,000, with a pro-forma NOI of $1,050,000 projected upon full occupancy. Built in 1984 and renovated in 2018, the property features ample parking (3 spaces per 1,000 sq ft) and is zoned PC - Industrial/Business, catering to a variety of uses including biotech, fashion, engineering, manufacturing, and office operations. The asking price is $18,950,000, representing a current cap rate of 2.75% and a pro-forma cap rate of 5.54%. The property benefits from a prime location at a signalized intersection, offering high visibility and excellent access to major transportation routes, including the SR-55 Freeway. This is an ideal opportunity for a business seeking to own and operate from its own facility, leveraging the strong existing tenancy and significant upside potential. The property includes one lease option.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $685,000
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Location Insight
- Map
- Local Demand
- City
- Tustin
- County
- Orange
- State
- California
- Longitude
- -117.833
- Latitude
- 33.7168
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
