For Sale
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1 City BlvdOrange, CA 92868

18-Story Class A Office, Owner-User Ideal

Overview

Added:
Dec 11, 2024
Days on market:
114
City Plaza, a prestigious 18-story Class A office tower in Orange, CA, presents a unique owner-user opportunity. This exceptional 359,134 square foot building sits on an expansive 11.3-acre lot, offering significant redevelopment potential. Its prime location adjacent to the Outlets at Orange provides unparalleled access to amenities, including over 120 outlet stores, restaurants, and a movie theater. The property benefits from its proximity to major freeways (SR-22, I-5, SR-57, SR-91, SR-55), John Wayne Airport, and Metrolink stations, ensuring convenient commutes. The building boasts a corporate feel with major signage opportunities, expansive views, meticulously landscaped grounds, and an impressive lobby. Recent capital improvements have enhanced common areas, building systems, and tenant spaces, creating a turnkey office environment. Orange County's strong economic fundamentals, projected job growth (approximately 72,000 new jobs in five years), and high rent growth (projected over 13.4% in five years) make this a highly desirable investment. The City of Orange has identified City Plaza as a key site for addressing its housing needs, presenting further redevelopment possibilities under its UMU zoning and UMIX land-use designations. This trophy office building offers a generational opportunity to own a landmark property in a thriving market.

Highlights

  • 18-story, Class A office tower in Orange, CA, ideal for corporate owner-users; 359,134 square feet on an 11.3-acre lot.
  • Prime location adjacent to Outlets at Orange, offering significant signage opportunities and expansive views.
  • Extensive recent capital improvements, creating a turnkey office environment with upgraded common areas and building systems.
  • Significant redevelopment potential due to excess land, UMU zoning, UMIX land-use designations, and City of Orange's housing needs.

Property Details for 1 City Blvd

Property type
Office properties
Square Feet
359,134 SF
Class
A
Buildings
1
Stories
18
Lot Size (sq. ft)
492,228 SF

Location Insight

City
Orange
County
Orange
State
California
Latitude
33.7808596
Longitude
-117.8932752
1 City Blvd, Orange, California

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1 City Blvd
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