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5/04/26
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Guthrie Development Company purchased a two-building, 62.4k sf industrial property in Anaheim for $18.7 mil ($300/sf). The property covers 4.1 acres at 2350 East Orangethorpe Ave, at the intersection of the 91 and 57 freeways.
Guthrie Development Company will rebrand the property as Anaheim Gateway Commercentre and immediately begin converting the two buildings to 40 for-sale industrial condominiums. The units will range from 1.1k sf to 3.3k sf. Finished condominium units are scheduled to be available for delivery beginning Q4 2026.
Guthrie’s rebranding effort entails significant aesthetic and functional upgrades including the optionality for buyers to customize a unit to suit their specific needs or to purchase a fully renovated unit designed for ideal flexibility. The project offers immediate freeway access and high-visibility exposure to 38,000 cars per day.
JLL’s Zach Niles, Steve Wagner and Brendan Brady represented the buyer and the seller, Orangethorpe Industrial LLC, in the transaction. JLL has also been retained to market the units for sale to commercial and industrial business owners across a broad range of uses.
“Orange County as a whole, especially well-located and functional properties like this, continues to see really strong demand from owner-users looking for 1k sf to 4k sf”, said Zach Niles, JLL Senior Managing Director. “Owner-user units of this size are just so rare to begin with. This project’s unit sizes, function and premier location will be very well received in the market.”
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