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

Value-Add Office Opportunity Across From Angel Stadium
* 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

Sale Type
Investment
Property Type
Office
Building Size
108,225 SF
Building Class
B
Year Built
1982
NOI
$1,352,325
Percent Leased
69%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
21,645 SF
Slab To Slab
11’
Building FAR
0.61
Lot Size
4.10 AC
Zoning
C - Commercial
Parking
237 Spaces (2.19 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Food Service
  • Signage
  • Energy Star Labeled

Sustainability

Energy Star Certified
79
ENERGY STAR certified buildings save energy and help protect the environment.

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 200
  • 4,884 SF
  • Office
  • Shell Space
  • Now

White boxed.

  • 2nd Fl-Ste 250
  • 12,909 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 300
  • 5,459 SF
  • Office
  • Full Build-Out
  • 30 Days

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.

  • 3rd Fl-Ste 350
  • 2,073 SF
  • Office
  • Full Build-Out
  • Now

Move-in ready spec suite. Features 3 offices, conference room, reception, break area and open area

  • 3rd Fl-Ste 375
  • 6,216 SF
  • Office
  • Full Build-Out
  • Now

Improvements to suit. Contiguous to Suite 350 for 8,289 RSF

  • 5th Fl-Ste 500/510
  • 3,029 SF
  • Office
  • Full Build-Out
  • Now

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.

  • 5th Fl-Ste 560
  • 2,012 SF
  • Office
  • Full Build-Out
  • Now

Reception area, 3 window offices, kitchen, and open work area. Move-in ready, furniture available.

  • 5th Fl-Ste 585
  • 3,298 SF
  • Office
  • Full Build-Out
  • Now

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
Bike Score®
Very Bikeable (70)

PROPERTY TAXES

  • Listing ID: 34440528

  • Date on Market: 1/10/2025

  • Last Updated:

  • Address: 2390 E Orangewood Ave, Anaheim, CA 92806