AirSpace

15771 Red Hill Ave & 1382 Bell Ave,
Tustin, CA 92780
223,281 Square Feet

AirSpace is a two-building portfolio comprised of 15771 Red Hill Avenue and 1382 Bell Avenue. SteelWave is planning to reposition the project into a state-of-the-art, low-rise, creative office campus. The project is located in the Greater Airport Area submarket, just minutes away from Irvine Business Complex, Orange County’s primary business district. The project is situated within Tustin Legacy, a 1,600-acre planned community being developed on the former Marine Corps Air Station. The community, currently still under construction, will include a balanced mix of parks, creative office space, commercial retail centers, and various densities of housing. The new Tustin Legacy development encompasses some the country’s most sought after dining establishments, boutique shops, and a one-million square foot retail center. Overall, the property is centrally located in the heart of Orange County, offering convenient access to Interstate 405, State Routes 55 and 73, and John Wayne Airport, which makes the campus uniquely positioned to attract a broad spectrum of prospective tenants due to its central location and exceptional regional access.

15771 Red Hill Avenue features a high-identity single-story building that has recently been renovated by previous ownership. The property has benefited from substantial capital investments including a 16,000 SF exposed steel-frame structured mezzanine and overhead doors which open up to a 3,000 SF outdoor amenity area with seating, fire-tables and a dining area. SteelWave has negotiated a fully executed lease for 78,000 square feet of creative office, and is also planning to further develop approximately 25,000 square feet of retail space on the northwest side of the project, which will include a café, a coffee roaster and a distillery with a tasting room.

1382 Bell Avenue is a flex industrial manufacturing and distribution building located adjacent to 15771 Red Hill Avenue. The building was previously 100% leased to Balboa Water Group and served as their headquarters and primary global manufacturing location. As of their lease expiration in May 2019, the tenant has fully vacated the premises. SteelWave plans to fully convert the building to creative office and give the project a new identity, with improvements including: creating a new entrance on the southeast side to face the new entry of 15771 Red Hill; a new main glass box lobby entrance; punching in windows and skylights; new paint and glazing; incorporating architectural screen elements to the façade; and new landscaping and hardscape.

  • The property offers a low-rise campus setting with plentiful multi-access surface parking and shared common area amenities
  • A community and sense of place will be created by tying together the two existing buildings through landscaped connections and shared on-site retail. The integration of these two entities will create an activated destination
  • Above standard clear height of 20’ and large roll-up doors provide a unique, fully functional indoor/outdoor work environment
15771 Red Hill Avenue, Tustin, CA 92780

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