Sold

128 E Katella Avenue

Orange CA, 92867

$3,100,000


$231.60 per sqft

Sold

13,385 sqft

Commercial

Built in 1965

Listed by Cameron Irons with SVN / Vanguard 714-446-0600

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.

PW22085358

MLS ID

April 25, 2022

Listed

March 23, 2024

Updated

Map

128 E Katella Avenue
Orange CA, 92867

Interior Features

Total Stories

2


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.66 Acres


Lot Features

Flat

Other Property Details

Area Name

72 - Orange & Garden Grove, E of Harbor, N of 22 F


Days on Market

43


Garage

No


View

No


County

Orange


Water Source

None


Pool

No


Zoning

Commercial Professional


Buyer Agency Compensation

2.5%

Listing Contact: 714-446-0600 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:46 AM UTC

 

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