Orangewood Corporate Plaza
Stabilized Multi-Tenant Office Campus | Central Orange County
Marketing description
STRONG MARKET FUNDAMENTALS
+ Resilient Orange County Economy | Orange County continues to outperform regional and national benchmarks, with an unemployment rate of just 3.6%, a full percentage point below California’s statewide rate, and total employment growing 1.4% over the past year, ahead of the broader SCAG region, the state, and the nation. This deep, diversified labor pool spanning healthcare, technology, professional services, and corporate services anchors sustained demand for quality suburban office space.
+ Shrinking Supply | Orange County is seeing a dramatic reduction of office supply in favor of residential redevelopments. In Central County alone, CBRE is tracking over 1.7M square feet of office buildings coming offline, displacing nearly 840,000 square feet of tenants.
Investment highlights
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STABILIZED SUBURBAN OFFICE IN THE HEART OF OC GROWTH
+ Institutional Quality Office | Orangewood Corporate Plaza comprises two well-appointed, two-story multi-tenant office buildings totaling ±109,644 SF on ±4.46 acres. The property features stunning lobby finishes, expansive window lines, and exceptional freeway visibility.
+ Significant Capital Investment | Originally built in 1982 and extensively renovated in 2019, the property has received significant capital improvements of approximately $3.38 million, including interior common areas ($1.17M), HVAC systems ($726K), ADA compliance ($248K), roof repairs ($216K), elevator upgrades ($173K), and exterior façade enhancements ($110K).
+ Strong In-Place Cash Flow with Diversified Tenancy | The property is ±93.95% leased to 25 regional and national tenants spanning professional services, insurance, engineering, energy, staffing, healthcare, and technology, including credit-worthy names such as Sherwin-Williams (Moody’s: Baa2; NYSE: SHW; 12,829 SF) and NOV Inc. (Moody’s: Baa2; NYSE: NOV; 12,991 SF). This diverse tenant mix mitigates single-tenant risk while delivering reliable, recurring income with contractual annual rent escalations of 3.0%.
WORLD RENOWNED ENTERTAINMENT WORK, LIVE, PLAY LOCATION
+ Centralized Location | Orange is the most convenient office location in the OC due to its convergence of multiple freeways. Connected to Interstate-5, Hwy 57, 55 and 22, tenants choose Orange because you can draw from Orange, Los Angeles, San Bernardino and Riverside Counties.
+ The Disney Impact | Ten minutes from 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 is highlighted by the area’s deep employment pool and excellent infrastructure system that can absorb hyper-growth.
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