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2742 Dow Ave 51,588 SF Office Building Tustin, CA 92780 $34,797,883 CAD ($674.53 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Stabilized NNN Asset with Secure Cash Flow Through 12/2029
  • $6 Million in Tenant-Funded Improvements
  • NNN Lease Structure with Minimal Landlord Responsibility
  • Potential for Owner User Sale
  • Modernized, High-Functionality Construction

EXECUTIVE SUMMARY

SRS Industrial is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in 2742 Dow Avenue, a fully leased NNN office/lab investment property located in the heart of Tustin, California, one of Orange County’s most sought-after commercial submarkets. The property is leased to Memorial Health Services through December 2029, with a coterminous sublease in place to Doctor’s Best Inc., offering stable cash flow and limited landlord responsibilities. Both leases are structured as NNN, with tenants responsible for all taxes, insurance, and maintenance, creating a true management-free investment ideal for passive or out-of-state investors. The building totals ±51,588 square feet and sits on ±2.80 acres, featuring tilt-up construction, modern finishes, and a favorable ±4.0:1,000 SF parking ratio. Four sides of surface parking and dual-story buildout provide flexibility for R&D, life sciences, and creative office users. Strategically located just off the I-5, SR-55, and SR-261 freeways, the property offers superior regional accessibility. It benefits from proximity to Irvine and Santa Ana and sits within a dynamic trade area surrounded by Fortune 500 companies, educational institutions, and affluent residential communities. With limited new office development and continued demand from service and medical users, 2742 Dow Avenue represents a compelling opportunity for investors seeking a stabilized, long-term asset in a premier Southern California location.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
51,588 SF
Building Class
B
Year Built/Renovated
1979/2020
Price
$34,797,883 CAD
Price Per SF
$674.53 CAD
Cap Rate
5.75%
NOI
$2,000,878 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
25,794 SF
Building FAR
0.42
Lot Size
2.80 AC
Zoning
PC, Tustin

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
432-491-15
Land Assessment
$23,322,951 CAD
Improvements Assessment
$3,780,172 CAD
Total Assessment
$27,103,123 CAD
  • Listing ID: 38424975

  • Date on Market: 2025-11-12

  • Last Updated:

  • Address: 2742 Dow Ave, Tustin, CA 92780

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