Manny Khoshbin Of Khoshbin Company Acquires Orangewood Corporate Plaza In Orange For $18.9M

The transaction involved the sale of Orangewood Corporate Plaza, located at 2100-2200 Orangewood Ave in Orange. The property, comprising two buildings with a total square footage of 109,644, was sold for $18,900,000, translating to a price per square foot of $172. At the time of sale, the campus was 84% leased, following recent renovations that amounted to $3.3 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,900,000
• Buyer: Manny Khoshbin - Khoshbin Company
• Brokers: Anthony DeLorenzo, Bryan Johnson, Sammy Cemo, Matt Didier, David Dowd & Jennifer Whittington - CBRE
• Market: Orange
• Square Footage: 109,644
• Price Per Square Foot: $172

CBRE facilitated the transaction, representing the sale of the property to Khoshbin Company. The involvement of multiple brokers from CBRE played a critical role in bringing this deal to fruition.