AXIS Anaheim 2390 E Orangewood Ave
108,225 SF 69% Leased Office Building Anaheim, CA 92806 For Sale
Investment Highlights
- Value-Add Office Opportunity Across From Angel Stadium
- World Renowned Entertainment Work, Live, Play Location
- Exceptional Market Fundamentals
Executive Summary
* WELL LOCATED, HIGH-IMAGE OFFICE IN THE PLATINUM TRIANGLE | 2390 Orangewood Avenue offers an unbelievable opportunity to acquire a high-image, five-story building in a revitalizing Central Orange County location. The property is currently ±64% leased.
* HUB OF GROWTH | 2390 Towne Centre Place presents an exceptional opportunity within a high-growth submarket, whose robust development and surrounding economic activities should deliver long-term value appreciation for new ownership.
* INVESTMENT FLEXIBILITY | 2390 Orangewood Avenue consists of ±108,225 square feet and sitting on ±4.05 acres, the property provides investment flexibility with a path for Value-add strategies, user occupancy, or a mixed use residential redevelopment.
* VALUE-ADD PROPOSITION | In-place leases provide $1,352,325 in annual income. Future ownership can unlock significant value by leasing up current vacancies, which would lift pro-forma income to approximately ±$2,027,516.
Exceptional Market Fundamentals
* CORE MARKET | Orange County is among the top investment markets in the Americas in 2024 among investors, reflecting the county’s resilient industries, stable economic fundamentals and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
* PROJECTED GROWTH | According to CBRE Econometric Advisors, Orange County is projected to add ±72,000 new jobs over the next 5 years. Orange County’s rent growth is projected to be among the top-five in the country, at more than ±13.4% over the next five years.
* TOP-TIER EDUCATION | Orange County is home to a world-class educational system. These institutions routinely supply the region with some of OC’s top talent pool each year.
World Renowned Entertainment Work, Live, Play Location
* HIGHLY DESIRABLE LOCATION | Anaheim us home to world-famous Disneyland, whose $2-billion upgrades over the next decade and annual economic impact of $5.7 billion reflect a commitment to Central Orange County that reflects the area’s deep employment pool and excellent infrastructure system that can absorb hyper-growth. This central location has convenient freeway access and offers ease of commute.
* ACROSS FROM ANGEL STADIUM | The property sits immediately across the street from Angel Stadium, home to the Los Angeles Angels of Anaheim, and down the street from Honda Center home to the Anaheim Ducks. In addition to these historic professional franchises, the property has walkable retail that includes Golden Road Brewing Company, Karl Strauss Brewing Company and 24 Hour Fitness to name a few. The existing office project will retain a couple of the office buildings allowing for a true live, work, play experience.
* CENTRALIZED REAL ESTATE | The property is served by Interstate 5, Hwy 57 and Hwy 22 as well as Hwy 55 a few miles away. This provides immediate access to Orange County, Los Angeles Count and even San Bernardino and Riverside Counties making it one of the most centralized residential locations in Southern California.
Property Facts
Amenities
- Bus Line
- Food Service
- Signage
- Energy Star Labeled
Sustainability
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
White boxed.
- 2nd Fl-Ste 250
- 12,909 SF
- Office
- -
- Now
Highly upgraded market ready suite featuring dedicated reception with open break area concept, large glass conference room, small conference room, six perimeter offices, work room and large open area. Potential to be fully furnished.
Move-in ready spec suite. Features 3 offices, conference room, reception, break area and open area
Improvements to suit. Contiguous to Suite 350 for 8,289 RSF
Five (5) private window offices, one (1) interior office, conference room, reception area, kitchen/break room and two (2) areas that offer movable office walls that provide (3) additional private work spaces. Call To Show.
Reception area, 3 window offices, kitchen, and open work area. Move-in ready, furniture available.
Corner location with ample window line, five perimeter offices, dedicated reception, open break, storage, and large training center.
Space | Size | Space Use | Condition | Available |
2nd Fl-Ste 200 | 4,884 SF | Office | Shell Space | Now |
2nd Fl-Ste 250 | 12,909 SF | Office | - | Now |
3rd Fl-Ste 300 | 5,459 SF | Office | Full Build-Out | 30 Days |
3rd Fl-Ste 350 | 2,073 SF | Office | Full Build-Out | Now |
3rd Fl-Ste 375 | 6,216 SF | Office | Full Build-Out | Now |
5th Fl-Ste 500/510 | 3,029 SF | Office | Full Build-Out | Now |
5th Fl-Ste 560 | 2,012 SF | Office | Full Build-Out | Now |
5th Fl-Ste 585 | 3,298 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
Size |
4,884 SF |
Space Use |
Office |
Condition |
Shell Space |
Available |
Now |
2nd Fl-Ste 250
Size |
12,909 SF |
Space Use |
Office |
Condition |
- |
Available |
Now |
3rd Fl-Ste 300
Size |
5,459 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
30 Days |
3rd Fl-Ste 350
Size |
2,073 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
3rd Fl-Ste 375
Size |
6,216 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
5th Fl-Ste 500/510
Size |
3,029 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
5th Fl-Ste 560
Size |
2,012 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
5th Fl-Ste 585
Size |
3,298 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $13,364,352 | |
Land Assessment | $20,626,166 | Total Assessment | $33,990,518 |