Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1421 Edinger Ave Tustin, CA 92780

    Sponsored
    For Sale
    $30,800,000

    Class A multi-tenant industrial complex, 100% leased.

    Property size:
    68,345 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional investment opportunity presents the Pacific Tustin Commercenter, a fee-simple, Class A, multi-tenant industrial and R&D flex property totaling 68,345 square feet. Located in prime Central Orange County at 1421, 1451, and 1481 Edinger Avenue, Tustin, CA 92780, this stabilized asset boasts a 100% occupancy rate across three buildings, each with two stories. The property features a desirable mix of tenants, including DB Industries, LLC (a 3M subsidiary), Salewa USA, Inc., and BAF Industries, ensuring a strong and diversified income stream. Built in 1985, the complex sits on a 193,842 square foot lot and offers ample parking (4.15 spaces per 1,000 square feet). Individual units range from 5,119 to 9,896 square feet, featuring 24-foot minimum warehouse ceiling heights, 400 Amps of power, and attractive exterior glass lines. The property benefits from a strategic location with excellent access to major freeways (55, 5, 405, 261, and 241), John Wayne Airport, and a strong local economy. The lease type is NNN, providing a predictable and stable cash flow. This property represents a compelling long-term core investment strategy due to its high occupancy, strong tenant roster, and prime location. The asking price is $30,800,000. Zero loading docks are present.

    Property Features for 1421 Edinger Ave

    General Information

    Property type
    Life science properties
    Square Feet
    68,345 SF
    Class
    A

    Building Details

    Year Built
    1985
    Buildings
    3
    Stories
    2

    HighLights

    • Two‑building Class A industrial/R&D flex project with a retail pad totaling 69,930 square feet.
    • Multi‑tenant industrial/R&D flex space, units ranging from 5,119 to 9,896 square feet, 24' ceiling height, 3.5:1,000 parking ratio.
    • Institutionally managed since construction.
    • Abundant parking (4.15:1,000 ratio).
    • 100% leased to 12 tenants, providing strong cash flow and a smooth lease rollover profile with projected revenue growth.
    • High‑quality tenant roster including DB Industries (3M subsidiary), Salewa USA, and BAF Industries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Ben Electric Electrician Lisa Pleasant Events Event Planner Yosemite Bum Resoles Shoe Repair Shop Evolv & Yosemite Bum ... Shoe Store 3M Safety Training ... Training Centre

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tustin
    County
    Orange
    State
    California
    Longitude
    -117.8279374
    Latitude
    33.7226813

    Nearby Similar for Sale

    • $1,395,000
      2,274 SF

      Well-Maintained Duplex in Tustin, CA

      Income-generating duplex in a desirable Tustin neighborhood.
      1112 Napa St, Tustin, CA 92780
      View Details
    • $6,200,000
      11,800 SF

      Modern Multi-Unit Property in Tustin

      New multi-unit property with modern townhouses and standalone residences.
      1042 San Juan St, Tustin, CA 92780
      View Details
    • $2,250,000
      Pending

      Tustin Commercial Building For Sale

      Two-level commercial building with retail, office, and warehouse space.
      3045 Edinger Ave, Tustin, CA 92780
      View Details
    • $140,000

      Tustin Restaurant Business Opportunity

      Turnkey restaurant with beer and wine license in downtown Tustin.
      682 El Camino Real, Tustin, CA 92780
      View Details
    • Contact for pricing

      Prime Medical/Retail Space Available

      Located in a high-traffic, high-income Tustin community.
      13112 Newport Ave, Tustin, CA 92780
      View Details
    • $817,500

      Rancho Veracruz Two-Bedroom Condo

      Upstairs end-unit condo with two master suites and a 2-car garage.
      2960 Champion Way, Tustin, CA 92782
      View Details
    • $1,179,000

      Upgraded Townhome in Tustin Ranch

      Move-in ready, 3-bedroom townhome with modern upgrades and private backyard.
      2332 Aspen St, Tustin, CA 92782
      View Details
    • $665,000
      1,248 SF

      Updated Home in Welcoming Community

      Stunning 3-bedroom, 2-bathroom residence with modern updates and desirable community.
      1722 Mitchell Ave, Tustin, CA 92780
      View Details
    • $949,900
      1,155 SF

      Remodeled Tustin Ranch Corner Unit

      Move-in ready, 3-bedroom, 2-bath ground floor unit with two patios.
      13410 Savanna, Tustin, CA 92782
      View Details
    • $669,000
      1,152 SF

      Upgraded Tustin Townhouse with Prepaid Assessment

      Remodeled 2-bedroom, 2-bath townhouse in Tustin with prepaid HOA assessment.
      1209 E 1St St, Tustin, CA 92780
      View Details
    • $3,750,000
      7,160 SF

      Historical Landmark in Old Town

      Historical landmark in Old Town Tustin, ready for immediate occupancy.
      140 W Main St, Tustin, CA 92780
      View Details
    • $599,999

      Upgraded Tustin Condo with Garage

      Modern, upgraded 2-bedroom condo in Tustin, move-in ready.
      16873 Donwest, Tustin, CA 92780
      View Details

    FAQs

    What type of property is this?
    Life science property - Class A multi-tenant industrial complex, 100% leased.
    Where is this life science property located?
    The property is located at 1421 Edinger Ave Tustin, CA.
    What is the asking price?
    The asking price for this property is $30,800,000.
    What are key features of this property?
    This property features: Two-building Class A industrial/R&D flex project with a retail pad totaling 69,930 square feet.; Multi-tenant industrial/R&D flex space, units ranging from 5,119 to 9,896 square feet, 24' ceiling height, 3.5:1,000 parking ratio.; Institutionally managed since construction.
    Request Owner's contact information
    1421 Edinger Ave Tustin, CA 92780
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1421 Edinger Ave
    Tustin, CA 92780
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1421 Edinger Ave Tustin, CA 92780
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.