Orangewood Office Center

Orangewood Office Center 1835, 1845 & 1915 West Orangewood Avenue
Orange, CA 92868

  • $10,880,000

    Asking Price

  • 3

    Buildings

  • 108,750

    Square Feet

  • 10.00%

    In-Place Cap Rate

  • 84%

    Occupancy

  • 4.06 Years

    WALT

Offering Summary

Address

  • 1835, 1845 & 1915 West Orangewood Avenue
    Orange, CA 92868

Pricing

  • Asking Price$10,880,000
  • Price PSF$100
  • WALT4.06 Years
  • In-Place Cap Rate10.00%

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet108,750
  • Occupancy84%
  • Year Built1982
  • Year Renovated2013
  • Building ClassA
  • Building(s)3
  • Stories3
  • Parking Ratio4.2 per 1,000 SF
  • Acres6.08
  • APN386-361-02,03,04
  • TenancyMultiple

Address

  • 1835, 1845 & 1915 West Orangewood Avenue
    CA 92868

Pricing

  • Asking Price$10,880,000
  • Price PSF$100
  • WALT4.06 Years
  • In-Place Cap Rate10.00%

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet108,750
  • Occupancy84%
  • Year Built1982
  • Year Renovated2013
  • Building ClassA
  • Building(s)3
  • Stories3
  • Parking Ratio4.2 per 1,000 SF
  • Acres6.08
  • APN386-361-02,03,04
  • TenancyMultiple

Description

Newmark, as exclusive advisor, is pleased to present the rare opportunity to acquire the leasehold interest in Orangewood Office Center. Located at 1835, 1845, and 1915 West Orangewood Avenue, the property is a three-building, 108,750-square-foot office campus ideally located in Orange, California.

Built in 1982 and renovated in 2013, the property resides on approximately 6.08 acres along Orangewood Avenue, one of the most traveled thoroughfares in the City of Orange, and one city block east of Angel Stadium. Currently, the property is 84% leased to 21, high-quality tenants, providing an investor immediate upside by leasing the remaining vacancy at market.

Deal Team

Sean Fulp

Sean Fulp

Vice Chair

310-622-1914 sean.fulp@colliers.com

CA RE Lic. #01389064

Mark Schuessler

Mark Schuessler

Executive Vice President

310-201-2075 mark.schuessler@colliers.com

CA RE Lic. #02033871

Ryan Plummer

Ryan Plummer

Executive Vice President

310-622-1917 ryan.plummer@colliers.com

CA RE Lic. #01765854

Blake Hammerstein

Blake Hammerstein

Senior Financial Analyst

310-966-7074 blake.hammerstein@colliers.com

CA RE Lic. #02122555