1937 & 2011 West Chapman Ave 2 Office Properties Offered at $15,000,000 in Orange, CA

97% LEASED OFFICE OPPORTUNITY WITH EXCESS LAND FOR FUTURE UPSIDE
* Stabilized Office Building in Growth Location | Unique opportunity to acquire a low-rise office building in one of the most dominant economic regions in the world. The asset is located within the Platinum Triangle’s business and entertainment district. It offers convenient surface parking, excellent egress/ingress with direct freeway access, and excess land with high-growth potential.

* Immediate Upside Proposition | With a weighted remaining lease term averaging ±1.7 years, there is significant flexibility for new ownership to occupy unused space, lease-up vacancies at higher market rents, or execute on a re-development business plan.

* Excess Land Opportunity | Situated on a lot totaling ±2.75 acres of land, the asset yields a low site coverage ratio of ±0.21%, which offers significant opportunities. The C2-zoned site offers a wide-range of uses and strong demand would significantly lift yields upon future rollovers.

EXCEPTIONAL MARKET FUNDAMENTALS
* Core Market | Orange County is among the top investment markets in the Americas in 2023 among investors, reflecting the county’s resilient industries, stable economic fundamentals and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.

* Favorable Suburban Low-Rise Trends | Over the last decade, growth among low-rise products has been robust, out-pacing high-rise products in vacancy compression and rent growth. This trend is expected to continue into the foreseeable future.

* Housing Elements Needs | The City of Orange is required by the State to deliver potential development sites with zoning for over 3,900 units to meet its Regional Housing Needs Assessment (RHNA). At this time, the Housing Element has not been fully ratified offering a savvy developer/investor an opportunity to process entitlements for a housing project potentially utilizing Builders Remedy or other State/Assembly Bills.

RENOWNED ENTERTAINMENT LOCATION WITH EXPANDING RESORT AMENITIES
* Highly Desirable Location | Orange is next to world-famous Disneyland, whose $2-billion upgrades over the next decade and annual economic impact of $5.7 billion shows a commitment to Central Orange County, that reflects the area’s deep employment pool and excellent infrastructure system that can absorb hyper-growth.

* Multi-Modal Transportation Access | The surrounding multi-modal transit hub offers ease of commute for the region’s workforce, as well as proximity to executive housing. Located immediately off SR-57 freeway, the asset has superb access to I-5, SR-22, SR-91 and SR-55, as well as John Wayne Airport and several Metrolink stations. Such access to critical infrastructure is as important as ever for business success and employee retention.