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Colliers is pleased to present the opportunity to acquire the fee simple interest in 1515 E. Orangewood Ave (the 'Property' or '1515 Orangewood'), an 84,980-square-foot office building located in the Platinum Triangle of Anaheim, California. With 100% of the project available for immediate occupancy, 1515 Orangewood offers a distinct owner/user opportunity, while also providing the optionality to reposition the asset as a multifamily development.
Situated at the intersection of the I-5, SR-57, and SR-22 in the heart of Orange County, the Property offers seamless connectivity and access to a highly skilled workforce. The region boasts a robust educational landscape, featuring top-rated schools and prestigious universities like Chapman University, California State University, Fullerton, and UC Irvine. Anaheim also offers an exceptional quality of life, defined by its lively community and vast array of attractions, with world-renowned Disneyland Resort and Angel Stadium only steps away from the Property.
Anaheim’s Platinum Triangle is undergoing a remarkable transformation into a vibrant mixed-use neighborhood that is set to redefine the area as a dynamic hub for living, working, and entertainment. A $4 billion revitalization project, approved in 2024, aims to add 2,250 residential units, 1.9 million square feet of retail space, and 564,000 square feet of office space around the nearby Honda Center by 2028. The Property, strategically located in Sub-Area A of the Gateway District, presents a unique opportunity for multifamily development, with 438 units currently available for a developer.
