128 E Katella Ave, Orange, CA 92867

Property Description

Owner/user (opportunity to occupy 57% or more of the building) or investor opportunity strategically located in the City of Orange. The City of Orange is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. This opportunity will yield an owner user the ability to occupy approximately 7,605 SF of 2nd floor office space (elevator served) or an investor to lease out the 2nd floor at a market rate to increase cashflow. The NeighborWorks of Orange County Multi Tenant Office Building offers multiple suites, multi story configurations and ample parking for all. The 128 E Katella building is ideally located near the intersection of Katella Ave (30,000 vehicles per day) and Glassell St (21,000 vehicles per day) for a total of over 51,000 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low tenant improvement costs over the term of ownership keeping capital expenditures to a minimum. The 128 E Katella building will be marketed free and clear of any existing financing, creating an opportunity to place creative financing tailored to an investor's or owner users desired hold period and risk profile to further enhance returns.