405 S State College Blvd | Brea, CA 92821
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- LoopNet Team
405 S State College Blvd
Brea, CA 92821
Brea Park Plaza · Retail Property For Sale
Investment Highlights
- Vibrant & Irreplaceable Brea location on State College Blvd & Imperial Hwy, High Tenant Visibility with approx 230 ft frontage on State College Blvd
- Upside in NOI & CAP Rate with Solar Upgrade (6 year recapture)
- New Roof 2020, New Parking Lot 2019 (41 spots), New Exterior Paint 2019
- Excellent Freeway Access Located less than 1/8 mile from 57 Frwy On/Off Ramp, Walking Distance to the Brea Mall Regional Shopping Center
- Adjacent Property Undergoing Complete Renovation and fully pre-leased with apprx. rates of $4/sf
- 4.9 Cap Rate on Actual Rents/Significant Rental Upside/100% Occupied Oct 2020
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,150 SF
Building Class
C
Year Built
1974
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.79
Lot Size
0.44 AC
Zoning
C-G-PD
Parking
41 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
230 ft on S. State College
Amenities
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 029-331-02 | Improvements Assessment | $1,618,446 |
| Land Assessment | $4,136,028 | Total Assessment | $5,754,474 |
PROPERTY TAXES
Parcel Number
029-331-02
Land Assessment
$4,136,028
Improvements Assessment
$1,618,446
Total Assessment
$5,754,474
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