Brea, CA 92821,405 S State College BLVD
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Brea, CA 92821,405 S State College BLVD
Brea, CA 92821,405 S State College BLVD
Brea, CA 92821,405 S State College BLVD
Brea, CA 92821,405 S State College BLVD

$3,840,000

Est. payment /mo

$4,000,000

4.0%
Est.Price: ?

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405 S State College BLVD Brea, CA 92821

15,000 SqFt

SOLD DATE : 08/12/2021

Key Details

Sold Price $3,840,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $256

MLS Listing ID PW20227092

Sold Date 08/12/21

HOA Y/N No

Year Built 1974

Annual Tax Amount $46,000

Tax Year 2021

Lot Size 0.740 Acres

Acres 0.74

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.

Location

State CA

County Orange

Area 86 - Brea

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Total Parking Spaces 41

Building

Lot Description 0-1 Unit/Acre

Water Public

Others

Tax ID 02933102

Acceptable Financing Cash, Cash to Existing Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ed Diaz • Vanguard Property Group
Bought with Ed Diaz • Vanguard Property Group

Anna Taylor

Agent | License ID: 02115281

+1(562) 275-1710

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