405 S State College Blvd, Brea, CA 92821 For Sale

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.