HIGH-IMAGE OFFICE BUILDING WITH USER AND RESIDENTIAL REDEVELOPMENT FLEXIBILITY
* Well Located, High-Image Office | 725 Town & Country offers an unbelievable opportunity to acquire a high-image, five-story office building in a strong Central Orange County location. The property is currently ±62.3% leased to 11 tenants ranging from ±557 – 13,518 square feet and containing a WALT of ±1.3 years. The property has received numerous upgrades in recent years including lobby/common
area enhancements, EV charging stations, exterior lounge areas, restroom upgrades, and multiple move-in ready spec suites.
* User Occupancy | With ±33,984 square feet currently vacant and another ±26,051 square feet expiring over the next ±18 months, an owner-user would be able to occupy over 50% of the RBA in the near term, with the ability to occupy the full building by 2029.
* Residential Redevelopment | Attractive overlay zoning that allows for up to 30 - 60 units per acre creating value in a future residential redevelopment.
EXCEPTIONAL MARKET FUNDAMENTALS
* Favorable Suburban Low-Rise Trends | Over the last decade, growth among low-rise product has been robust, outpacing high-rise product 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). The City of Orange has designated this and the surrounding properties as Urban Mixed Use allowing development of residential at a density of 30 - 60 units per acre.
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 reflect a commitment to the Central Orange County that reflects the area’s deep employment pool and excellent infrastructure system that can absorb hyper-growth.
* Resort Style Amenities | The property’s proximity to a large amenity base is intrinsically irreplaceable with such amenities as: MainPlace Mall, Platinum Triangle, Angel Stadium, Honda Center, Disneyland, Old Towne Orange, UCI Medical Center, and Chapman University to name a few.
* 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-22 freeway, the asset has superb access to
I-5, SR-57, SR-91 and SR-55, as well as John Wayne Airport and several Metrolink
stations.