Called Park Orangewood, An Office Complex, the property is located at intersection of the 57 freeway and Orangewood Ave. adjacent to the home of the Anaheim Angels baseball team. Sited on 5.4 acres of land, the complex consists of 11 freestanding buildings that are 100% leased to tenants such as Kodak and Pediatrix Medical Group.
"The acquisition was ideal for Marquis since the company already owns $10 million of property in the stadium area," says broker Louis Tomaselli of Voit Commercial Brokerage's Anaheim Metro office.
Tomaselli, along with broker Mitch Zehner from the same office of Voit, represented both the buyer and the seller, The Muller Company. Voit represented the former owner when the property was bought back in 1997.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
