Lee & Associates has negotiated the sale of a 172,000-square-foot office building in Tustin, Calif., for $32 million.
The five-building complex known as Meredith Financial Centre is located at 17772-17862 E. 17th St. Built in 1973, the property includes 52 units ranging in size from 550 square feet to 14,000 square feet.
The property was 90 percent occupied at the time of sale. Notable tenants include State Farm Insurance, General Nutrition Corp. and the corporate offices of Mimi’s Cafe.
The Meredith Trust sold the facility to Greenbrier Partners LLC.
Lee & Associates provides commercial real estate services in California, Arizona, Nevada, Missouri, Illinois, Michigan, New Jersey, Texas and Wisconsin.