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999 N Tustin Avenue , #12

Santa Ana, CA 92705
  • $599,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: OC23166156
UPDATED: 192 min ago
$599,000
  • 0
    BEDS
  • 3.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1983
County:
Area:

School Ratings & Info

Listing Agent(s): Tony Morrison of Lantern Bay Realty (949-661-6441)


Description

Located next door to Orange County's largest and busiest hospital Orange County Global Medical Center. This 1311 sq. ft. medical office condo is within an 85,000 sq. ft. medical campus on 3 acres plus lot with plenty of free parking and was used last as a pharmacy. Perfect for pharmacy use or medical office use with 2-3 exam rooms, a private office, waiting room, with front office and back-office areas. Also, for lease at $3.25 per sq. ft. full-service gross with a minimum of 3 years with 3% annual increases. Could be solid medical real estate investment with a proforma 6 cap rate at the asking price. Close to restaurants, shopping, parks, and the 5/55/22/57 freeways.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T00:28:22.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/143306171
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999 N Tustin Avenue , #12 Santa Ana, CA 92705

  • Price: $599,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 192 min ago
  • ID#: OC23166156
0
Beds
0
Baths
0
½ Baths
3.12
Acres
1983
Built
Neighborhood:
71 - Tustin
County:
Orange
Area:
71 - Tustin
Property Description
Located next door to Orange County's largest and busiest hospital Orange County Global Medical Center. This 1311 sq. ft. medical office condo is within an 85,000 sq. ft. medical campus on 3 acres plus lot with plenty of free parking and was used last as a pharmacy. Perfect for pharmacy use or medical office use with 2-3 exam rooms, a private office, waiting room, with front office and back-office areas. Also, for lease at $3.25 per sq. ft. full-service gross with a minimum of 3 years with 3% annual increases. Could be solid medical real estate investment with a proforma 6 cap rate at the asking price. Close to restaurants, shopping, parks, and the 5/55/22/57 freeways.
Exterior Features

Entry Level 1 Lot Features Lot Over 40000 SqftLevelRectangular Lot Open Parking Spaces 15 Parking Total 15 Sign On Property YN No

Property Features

Additional Parcels YN No Business Type Medical Cap Rate 6 Common Interest Condominium Electric Expense 0 Gross Scheduled Income 51129 Insurance Expense 1500 Land Lease YN No Laundry Features None Lease Considered YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 0 Net Operating Income 35725 Operating Expense 15404 Other Expense 0 Property Sub Type Office Special Listing Conditions Standard Supplies Expense 0 Tax Annual Amount 6500 Tax Year 20 Trash Expense 0 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T00:28:22.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
 
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EQTY | Forbes Global Properties
1100 Newport Center Drive, Suite 110
Newport Beach CA, 92660
Listing Agent(s): Tony Morrison of Lantern Bay Realty (949-661-6441)