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    405 S State College Boulevard

    Brea, CA 92821
    • $4,000,000
    • STATUS: Active
    • ON SITE: 238 days
    • ID#: PW20227092
    Price Reduced
    UPDATED: 125 min ago
    $4,000,000
    • 0
      BEDS
    • 0.74
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,000
      SQFT
    • $267
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1974
    County:
    Area:

    School Ratings & Info

    Description

    *New Price/5.7 CAP & 5.65% COC Scheduled Actual Rents/$266 CPSF* Brea Park Plaza boasts a dynamic, vibrant and irreplaceable commercial/retail location just south of the Brea Mall and approx. 1/8 of a mile from the 57 freeway on/off-ramp. With approx. 230 ft of frontage on State College Blvd, ample signage and high traffic counts, it offers tenants extremely high visibility. It is comprised of retail space (first 2 floors) and office space (3rd floor) - all of which is elevator served. There is ample parking with 41 onsite spaces and generous on-street parking. Brea Park Plaza enjoys a diverse, internet-resistant tenant mix of 16 tenants in the following trades: hair & beauty, chiropractic, pet groomers, financial/CPA and general office. The subject property has undergone numerous and extensive capital improvements including: new title 24 energy efficient foam roof (2020), new parking lot with complete excavation and replacement of asphalt, new exterior paint and numerous heating and AC upgrades and replacements. It offers the savvy operator significant rental upside upon renewal or re-leasing. The adjacent commercial property to the north is undergoing a major renovation with sites leased to strong regional/national tenants including: In & Out Burger, Fogo de Chao Steak House, Active, Bank of the West etc with lease rates around $4 per sq ft. Brea Park Plaza offers the experienced investor a stable, well-located investment with significant upside and an irreplaceable location.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-24T09:38:44.267. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.
    www.amayarealestategroup.com/homes/111418776
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    405 S State College Boulevard Brea, CA 92821

    • Price: $4,000,000
    • Status: Active
    • Updated: 125 min ago
    • ID#: PW20227092
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.74
    Acres
    15,000
    SQFT
    $267
    $/SQFT
    1974
    Built
    Neighborhood:
    86 - Brea
    County:
    Orange
    Area:
    86 - Brea
    Property Description
    *New Price/5.7 CAP & 5.65% COC Scheduled Actual Rents/$266 CPSF* Brea Park Plaza boasts a dynamic, vibrant and irreplaceable commercial/retail location just south of the Brea Mall and approx. 1/8 of a mile from the 57 freeway on/off-ramp. With approx. 230 ft of frontage on State College Blvd, ample signage and high traffic counts, it offers tenants extremely high visibility. It is comprised of retail space (first 2 floors) and office space (3rd floor) - all of which is elevator served. There is ample parking with 41 onsite spaces and generous on-street parking. Brea Park Plaza enjoys a diverse, internet-resistant tenant mix of 16 tenants in the following trades: hair & beauty, chiropractic, pet groomers, financial/CPA and general office. The subject property has undergone numerous and extensive capital improvements including: new title 24 energy efficient foam roof (2020), new parking lot with complete excavation and replacement of asphalt, new exterior paint and numerous heating and AC upgrades and replacements. It offers the savvy operator significant rental upside upon renewal or re-leasing. The adjacent commercial property to the north is undergoing a major renovation with sites leased to strong regional/national tenants including: In & Out Burger, Fogo de Chao Steak House, Active, Bank of the West etc with lease rates around $4 per sq ft. Brea Park Plaza offers the experienced investor a stable, well-located investment with significant upside and an irreplaceable location.
    Exterior Features

    Lot Features 0-1 Unit/Acre Open Parking Spaces 41 Parking Total 41

    Property Features

    Additional Parcels YN No Cap Rate 5.7 Common Interest None Electric Expense 37749 Gross Scheduled Income 325006 Insurance Expense 3343 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanConventional Net Operating Income 227973 Number Of Units Leased 16 Operating Expense 142176 Property Sub Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 46000 Tax Year 2021 Trash Expense 3123 Water Sewer Expense 5131 Water Source Public

    Listing provided courtesy of Ed Diaz of Vanguard Property Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-24T09:38:44.267. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.
     
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