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8/04/22
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A 120k sf, single-tenant flex office building in the Tustin sold for $91 mil ($758/sf). The facility sits on just under six acres at 1382 Bell.
1382 Bell offers two stories of Class A, flex office space with generous window lines and ceiling heights, high-end finishes and ample surface and secured parking. The County of Orange leases the entire facility on a long-term basis through 2047.
The property is adjacent to the 1,600-acre Tustin Legacy master-planned community and close to the District at Tustin Legacy, which boasts more than 80 retail stores and restaurant offerings. It has a core location with convenient access to three major freeways, State Route 55 and the 5 and 405 Freeways linking the site to all of Orange County and Southern California.
Blake Bokosky, Mark DeGiorgio, Michael Leggett, Adam Lasoff, Patrick Burger and Makenna Peter with JLL Capital Markets represented the seller, a joint venture between SteelWave and their institutional investor.
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