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JLL Closes $91M Sale of Tustin Flex Office Building
JLL Capital Markets has closed the $91 million sale of 1382 Bell, a 120,000-square-foot, single-tenant flex office complex in the Orange County city of Tustin, CA. The firm advised the sellers, a JV between SteelWave and their institutional investor, in the $758 per square foot transaction.
The property sits on 6 acres near the District at Tustin Legacy, which features more than 80 retail and dining offerings. The Class A flex office building has generous windows lines, ceiling heights, high-end finishes and ample, secured parking. The County of Orange leases the entire facility on a long term basis through 2047.
The JLL Capital Market team representing the seller was led by Senior Director Blake Bokosky, along with Mark DeGiorgio, Michael Leggett, Adam Lasoff, Patrick Burger and Makenna Peter.
- ◦Sale/Acquisition
