405 S State College Blvd - Storefront Retail/Office FOR SALE


Brea, CA 92821- Brea-Olinda
$4,700,000 USD
760-685-6289
405 S State College Blvd, Brea, CA for Sale
$4,700,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 5.3% Cap Rate

405 S State College Blvd
Brea, CA 92821
Brea-Olinda


HIGHLIGHTS

  • High Traffic/ Prime Retail Location
  • Internet Resistant & Trade Area Appropriate Tenancy
  • Potential Redevelopment/ Value Add Opportunity

OVERVIEW

ORANGE COUNTY INVESTMENT OPPORTUNITY Brea Park Plaza presents a rare opportunity to acquire a retail and medical office property in a dense, affluent Orange County trade area, conveniently located off the 57 Freeway with ample on-site parking. HIGH TRAFFIC LOCATION Brea Park Plaza is located on S State College Blvd, one of the trade area’s primary commercial streets, which sees over 22,650 cars per day. The property benefits from strategic location just south of Imperial Highway (67,500 CPD) and the SR-57 Freeway (48,300 CPD), offering over 230 feet of frontage along S State College Blvd. INTERNET RESISTANT & TRADE AREA APPROPRIATE TENANCY Brea Park Plaza features a diverse mix of service oriented retail, medical and professional office tenants that provide essential, experience-driven services that are not replicable online. The tenant roster is intentionally aligned with the surrounding Brea trade area, serving nearby residential neighborhoods, daytime office users, and shoppers drawn to the adjacent Brea Mall. PRIME RETAIL LOCATION Brea Park Plaza is located just south of Brea Mall, a dominant regional retail center. The property is surrounded by strong national and regional tenants including In-N-Out Burger, Fogo de Chão, Starbucks, Bank of the West, and other high-performing retailers and restaurants along State College Boulevard and Imperial Highway. BREA MALL REDEVELOPMENT The Brea Mall redevelopment is turning the former Sears area into a mixed use district with new shops, restaurants, and about 380 multifamily units in a more walkable, plaza style setting. It reconfigures portions of parking and circulation to add new buildings and landscaped public spaces while strengthening the mall’s role as a regional retail and gathering hub. VALUE-ADD OPPORTUNITY In-place rents average just $2.38 PSF gross, representing a $7–$13 PSF per year discount to comparable NNN medical/office product in the trade area. With nearly all leases rolling within 1–2 years, a new owner is positioned to reset rents to market and convert to NNN simultaneously — driving an estimated 55–65% increase in NOI. POTENTIAL REVELOPMENT The City of Brea is close to finalizing its new General Plan. Brea Park Plaza would qualify for Mixed Use zoning under the new General Plan. With all short term leases in place, the property is positioned for a mixed-use redevelopment in the near future.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brea Park Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-G-PD

APN/PARCEL ID

029-331-02

ASK ABOUT THIS PROPERTY

Eric ShainKidder MathewsMore Info
760-685-6289

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Eric ShainKidder MathewsMore Info
760-685-6289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.