
Major Transaction in Orange County: Medical Office Sold
In an important move for the Central Orange County real estate market, Lee & Associates Orange has announced the sale of a professional medical office located at 555 N Tustin Street. The property transacted for $1,025,000, illustrating sustained interest in well-positioned medical office spaces in the region. Set against the backdrop of East Orange's bustling submarket, this transaction stands out as a testament to the growing confidence among buyers and users within the commercial real estate landscape.
Strategically Positioned for Success
The medical office spans 1,690 square feet on a 0.16-acre lot and offers excellent visibility due to its prominent location along North Tustin Street. Originally built in 1956, the property boasts accessibility to critical retail, residential, and freeway networks, making it a prime asset for any healthcare provider aiming for long-term presence and operational success in the area.
Insights from Experts
Jaimeson Hearne, a Principal at Lee & Associates, emphasizes that this transaction highlights the enduring demand for high-quality medical office facilities situated in prime locations. He notes that properties like 555 N Tustin Street are attracting attention because they combine functional design with strategic market positioning, a factor crucial for operational sustainability and growth. Such trends reflect broader consumer shifts in healthcare access and service delivery.
The Lee & Associates Edge
Lee & Associates has a reputation for its reliability and depth of market knowledge, built on decades of experience. With over 45 professionals dedicated to various sectors of commercial real estate—including medical offices—the firm showcases its commitment to not only serve but also excel in meeting the unique needs of each client. Their collaborative ownership model empowers agents to work synergistically, enhancing outcomes for all parties involved.
What to Expect in the Future
This sale at 555 N Tustin Street is more than just a transaction; it marks a broader trend within Orange County's commercial real estate sector. As healthcare demand continues to rise and strategic locations gain even more value, stakeholders can expect further developments that will shape the landscape of medical facilities in the area.
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