S
agard Real Estate has completed the sale of Tustin Financial Plaza, a five-building office property in north Tustin, California. The local investment firm acquired the asset for $27.5 million. Located at 17772-17862 E. 17th St., the property spans approximately 34 miles south of Los Angeles via I-5 and covers 8.5 acres.
The multi-tenant office complex totals 185,180 square feet, comprising four two-story buildings, one four-story building, and a 533-space parking lot. At the time of sale, Tustin Financial Plaza was 70% occupied. The property was built in 1973.
CBRE's Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Greg Sullivan represented the seller in the transaction.
