2100 Orangewood Ave Orange, CA 92868

Property Details for 2100 Orangewood Ave

Year built

1982

Lot size

4.46 lot acres

Property size

109,488 SF

Property type

Office Properties & Spaces

Description

This exceptional Orange County office investment opportunity presents a compelling value-add proposition. The Orangewood Corporate Plaza, located at 2100 W Orangewood Ave, Orange, CA 92868, comprises two, two-story buildings totaling 109,488 net rentable square feet on a 4.46-acre lot. Built in 1982 and renovated in 2019, the property boasts a strong 92.2% occupancy rate and offers a compelling 8.95% capitalization rate at an asking price of $23,499,000 ($214.63/sq ft). The property features attractive, high-end finishes, including stunning lobbies and expansive window lines. Subterranean parking provides a 4:1,000 sq ft ratio. Significant recent capital improvements totaling approximately $3.38 million have been completed. Over 90,000 square feet of leasing has been completed since the start of 2022, demonstrating strong leasing momentum. The property's tall ceiling heights present a unique opportunity for creative office conversion, potentially increasing rents and investment returns significantly. Its freeway-adjacent location offers exceptional corporate visibility and convenient access to major transportation arteries, including the SR-57, I-5, SR-22, SR-55, and SR-91, bypassing congested areas. The property benefits from its proximity to key Orange County landmarks, including Angel Stadium, UC Irvine Medical Center, Chapman University, Honda Center, and Disneyland, as well as the Anaheim Regional Transportation Intermodal Center and John Wayne Airport. The property's location within the Platinum Triangle, an area experiencing over $1.5 billion in current development, further enhances its long-term investment potential. Orange County's robust economy, strong employment numbers, and high quality of life contribute to a highly sought-after market with low vacancy and sustained rent growth, particularly within the low-rise office sector. The property's APN is 386-421-01.