Newmark is pleased to present Stadium Crossings, a four-story, multi-tenant office building anchored by the County of Orange in the heart of The Platinum Triangle submarket. The Property offers a stable investment with future upside as the immediate vicinity is transformed into a 24-hour lifestyle and entertainment hub.
View property video here https://youtu.be/8fZpXjuTB4k.
With the combined tenancy of the County of Orange (S&P: AA+), Incenter (S&P: A+), and NCS Pearson (S&P: BBB), the Property is anchor with 69% investment grade credit offering a strong, secure income stream. While also offering the ability to roll currently 8% below market rents to market as they expire.
Located at the convergence of three major freeways (I-5, 57, and 22) and hub of the Amtrak and Metrolink train lines, The Platinum Triangle has seen a boom of multifamily and retail development. Stadium Crossings in particular will be a direct beneficiary of the planned development at Angels Stadium as well as the creation of OcVIBE, a 115-acre mixed-use live-entertainment district.
Office project of this quality and location rarely come to market, especially in the highly sought after Platinum Triangle submarket.