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7/14/17
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Betty L. Davies Family Limited Partnership has purchased Orangewood Business Plaza, a three-building, 49.9k sf industrial business park in Orange. The transaction came in at around $8.5 mil and was financed with a $3.9 mil acquisition loan.
The business park, which is situated near Angel Stadium in Anaheim, consists of one office building and two flex/industrial buildings. It is located at 1717 and 1745 West Orangewood and 571 North Poplar St, east of the 57 Fwy and just north of Walnut Ave.
Jim Hawkins and Phil Fridd of Lee & Associates represented both the buyer and the seller, Orangewood Business Plaza LLC. The financing was arranged by J.D. Blashaw and Ivan Kustic with MetroGroup Realty Finance. The five-year, fixed-rate loan has an interest rate of 4.6%.
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