Orange Plaza 1615 Orange Tree Ln

RARE REDLANDS OWNER-USER OFFICE BUILDING
* Attractive Owner-User Opportunity | Rare opportunity for an owner-user to acquire a completely vacant office building in Redlands, California. The office building, known as Orange Plaza, has lush landscaping, incredible window lines, functional floorplates, and plenty of parking all situated just north of Interstate 10 freeway along Orange Tree Lane.

* Functional Office | The two-story office building, consisting of 36,360 square feet is on a standalone parcel consisting of 2.59 acres simplifying ownership without having to deal with associations and associated fees. The property offers prominent monument signage along Orange Tree Lane to further enhance new ownership’s visibility in the Redlands market.

* Ideal Redlands Location | Redlands, California is one of the premier cities within the Inland Empire (IE). The IE is one of the nation’s top performing office markets and rarely sees completely vacant buildings of this size come online for owner-user opportunities.

BEST OFFICE MARKET FUNDAMENTALS IN THE U.S.
* Lowest Office Vacancy in US | The Inland Empire boasts a vacancy rate of 8% (Q3 2024) and has held the lowest U.S. office vacancy rate for six consecutive quarters. Redlands has continuously outperformed all other IE markets with office inventory 1M square feet with a current vacancy rate of 1.43%, making it one of the tightest office submarkets in California.

* Thriving Economic Activity | The Inland Empire, a region whose $213-billion economy is equal to that of the State of Utah, has been Southern California’s best-growth market for nine straight years, averaging ±5.2% in economic grow each year, according to the Federal Reserve of St. Louis. The Inland Empire’s population base of 4.6 million people is Southern California’s second largest fueled by a growth rate that is almost 3.5 times more than the rest of the region since 1990.

* No New Office Construction | The IE has nothing in the pipeline or planned for new office construction, creating even more value in the existing properties in the market.

IDEAL SUBURBAN OFFICE LOCATION WITH FREEWAY ACCESS AND NEARBY AMENITIES
* Desirable Office Location | Located on Orange Tree Lane, the property benefits from immediate Interstate 10 access, providing commuting ease to tenants and a clean, safe and friendly business environment to work, live and play.

* Retail and Residential Amenities | The property is surrounded by retail and brand-new residential amenities. Minutes away from Citrus Plaza and Mountain Grove Shopping Center, tenants have limitless retail and food options to choose from. In addition, this immediate pocket has seen most of the new high-density residential development in the area.

* Redlands Demographics | The City of Redlands offers an affluent and highly educated workforce. Its $137,229 average household income is one of the highest in the Inland Empire, and 47% of the city’s population has a bachelor’s degree or higher, which is substantial higher than the national average.