Listings
1914-1940 W. Orangewood Ave., Orange, CA 92868
OVERVIEW
Ashwill Associates is pleased to present the excellent opportunity to acquire La Linda Plaza. The Property is a four (4) building project, each of two stories, totaling +/- 36,854 square feet. La Linda Plaza is a secure investment or redevelopment opportunity, with plenty of upside. The entire project may be redeveloped to a senior living project, including assisted living, memory care, and acute care.
The offering is located in the heart of Orange County, amidst The Platinum Triangle - a melting pot of an approved development of high density, mixed use, residential projects, restaurants, and established high rise lofts. La Linda Plaza sits locally to two championship sport stadiums, and a transportation center. With immediate and convenient access to Southern California from the surrounded interstate of the 57, 5, and 22 freeways, with quick connections to the 91 and 55 freeways.
Developed in 1980 La Linda Plaza is a multi-tenant office and flex office/warehouse opportunity, with a tenant mix of professional users. The project has historically carried long term tenants at below market rates. La Linda Plaza can accommodate small private office users in need of executive suites, larger office space with open concepts, or office layouts ranging from 600 SF - 6,000 SF. A large majority of the suites have private balconies and large window lines with views to the center garden style courtyard.
Note: building square footage of 36,854 SF is reflective of title. Existing and potential rent reflect a rentable building square footage of approximately 37,960 SF.
SUMMARY
Asking Price (building): $7,500,000 ($203/sf)
Asking Price (land): $6,990,000 ($75/sf)
Building Size: + 36,854
Lot Size: + 99,676 SF (2.29 ac.)
Units: 41
Occupancy: 75%
Annual Gross Income: $587,184
Parcel: 386-365-15
Year Built: 1980
Zoning: O-P (office professional)
Location: Directly off of 57 freeway
CONTACT US
Address: 2100 W. Orangewood Ave., Suite 110, Orange, CA 92868