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1515 East Orangewood Avenue is a premier Class A office asset offering 345,345 rentable square feet in the heart of Anaheim, AK 92805. Constructed in 2000 and fully renovated in 2006, the property features creative, co-working and executive office configurations alongside medical and R&D/life-science build-outs, catering to a diverse tenant roster. With a current occupancy of 75% and 84,980 RSF available, investors have the opportunity to realize upside through active leasing programs and tailored tenant improvements.

Offered at an attractive $345,345,345 ($240 PSF), this trophy building delivers a 5.25% cap rate based on stabilized NOI of $310,208 and a trailing-12 NOI of $354,345. The asset generates in-place rent roll of $3,534,534 annually and boasts a weighted average lease term of 5.2 years, providing stable cash flow while allowing re-positioning of the vacant space to achieve market rents. Value-add potential lies in leasing the remaining 25% vacancy and renewing near-term expirations to drive rent growth and enhance overall returns.

Strategically located on East Orangewood Avenue, this property benefits from proximity to major thoroughfares, public transit nodes and regional employment centers. Tenants and owners alike gain from Anaheim’s robust business climate, attracting technology, healthcare and life-science users. With flexible showing arrangements and a motivated seller, this offering represents a rare chance to acquire a marquee office asset with both income stability and meaningful leasing upside.