CBRE arranged the sale of Orangewood Corporate Plaza, a two-building office campus located at 2100–2200 Orangewood Ave. in Orange. Costa Mesa-based Khoshbin Co. acquired the property for $18.9 million.
CBRE National Office Partners’ Anthony DeLorenzo, along with Bryan Johnson and Sammy Cemo of Private Capital Partners, represented the seller. CBRE’s Matt Didier, David Dowd and Jennifer Whittington also advised the seller.
“Orangewood Corporate Plaza offers stable cash flow, strong leasing momentum and a strategic location near some of Orange County’s most dynamic growth corridors,” said DeLorenzo. “The buyer recognized the long-term value in a well-performing office campus with upside potential in a market that continues to attract investment.”
The property spans 109,644 square feet across 4.46 acres and was 84% leased at the time of sale to a diverse mix of regional and national office tenants. The property features high-end finishes, subterranean parking and recent capital improvements totaling more than $3.3 million.
The post Khoshbin Co. Acquires Cash-Flowing Orange Office Campus for $19M appeared first on Connect CRE.
