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December 11, 2019
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ORANGE COUNTY NEWS
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OC Medical Office Asset Trades for $273k sf

9/04/19

Santa Ana - Tustin Medical Pavilion, a 17.6k sf medical office building in Tustin, sold for $4.8 mil ($273/sf). The building, located 17400 Irvine Blvd, traded without any concessions or repairs.

Santa Ana - Tustin Medical Pavilion is ideally located near the SR-55, I-5 and SR-22 Freeways, providing convenient access to neighboring communities. It features 13 separate suites, each with examinations rooms, lobbies, offices and private bathrooms. The building also features a full service pharmacy.

The asset was sold by Santa Ana Tustin Medical Pavilion LLC. The seller’s managing partner, Dr. Carl Selin, an original tenant, developed it with several partners more than 50 years ago, in 1968, just a few short years after Medicare was established.

Jennifer Esser of Camelot West Commercial represented the seller in the deal. Mia Pham of Lee & Associates in Irvine represented the buyer, TKL Westminster.

“This property represented a tremendous opportunity for an investor to acquire a medical office building with a long history in Tustin with very little vacancy during the past 50 years,” said Esser.





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