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$4,000,000
405 S State College Blvd, Brea, CA 92821
0 Beds
0 Baths
15,000 sqft

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*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.
  • Price:
  • $4,000,000
  • Square Footage:
  • 15,000
  • Acreage:
  • 0.74
  • Year Built:
  • 1974
  • Listing ID #:
  • PW20227092
  • Street Address:
  • 405 S State College Blvd
  • City:
  • Brea
  • State:
  • California
  • Postal Code:
  • 92821
  • County:
  • Orange
  • Community:
  • Brea
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Number Of Units:
  • 16
  • Total Building Square Footage:
  • 15000
  • Year Built:
  • 1974
  • Year Built Source:
  • Appraiser
  • Annual Electric Expenses:
  • 37749
  • Annual Insurance Expenses:
  • 3343
  • Annual Trash Expenses:
  • 3123
  • Annual Water/Sewer Expenses:
  • 5131
  • Net Operating Income:
  • 227973
  • Operating Expense:
  • 142176
  • Approximate Lot Size Range Source:
  • Appraiser
  • Lot Features:
  • 0-1 Unit/Acre
  • Lot Size:
  • 32310
  • Lot Square Footage:
  • 32310
  • Days On Market:
  • 69
  • On Market Date:
  • 2020-10-28
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 4295000
  • Terms:
  • Cash, Cash To Existing Loan, Conventional
  • Property Taxes:
  • $46,000
  • Tax Year:
  • 2021
  • Parking Spaces:
  • 41
  • Uncovered Parking Spaces:
  • 41
  • Existing Water:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Ed Diaz of Vanguard Property Group
  • CACRMLS

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