405 S State College Blvd
Brea, CA 92821

The Brea Park Plaza commercial retail center is located at 405 S State College Blvd, just south of Imperial Highway in the City of Brea, CA. The subject property boasts a dynamic, vibrant, and irreplaceable commercial/retail location just south of the Brea Mall and approximately 1/8 of a mile from the 57 freeway on/off-ramp. With approximately 230 feet of frontage on State College Blvd, ample signage and high traffic counts, the subject property offers tenants extremely high visibility. Brea Park Plaza is comprised of retail space (1st two 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 comprised 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: complete excavation and replacement of asphalt parking lot (4-5 inches of new asphalt throughout), new exterior paint and numerous HVAC upgrades and replacements. The subject offers the savvy operator significant rental upside upon renewal or re-leasing but also offers a 4.7 CAP rate based on 2020 scheduled rents. 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 square foot. Brea Park Plaza offers the experienced investor a stable, well-located investment with significant upside and an irreplaceable location.