Occupied Retail Shopping
For Sale
Contact for pricing
Pending
375 379 & 389 W Central Avenue, Brea, CA 92821
24,065 SF shopping center on 2.23 acres with 10 retail units, all currently occupied.
Property Size24,065 SF
Lot Size2.23 Acres
Days on Market113
Property Features for 375 379 & 389 W Central Avenue
General Information
Standard status
Pending
Size
24,065 SF
Lot size
2.23 Acres
Property subtype
Retail
Additional Details
Cap Rate
5.53%
Building Details
Tenancy
Multi
Listing Agency:
Coastal Commercial
Listed By:
Nathan Holthouser · License #CA 01838616
Source:
Crexi
Added: Apr 10
Changed: Jul 21
Last Checked: Jul 30 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Commercial
Investment Insights
Based on property information with market context.
CBRE is offering for sale a fee simple interest in a retail shopping center located at 375, 379, & 385 W. Central Avenue in Brea, California. The property comprises 10 retail units totaling 24,065 square feet on 2.23 acres of land. All units are currently occupied.
The shopping center is directly across the street from Central Park Village Brea. The broader Brea retail market is described as having a high demand for retail, supported by major destinations including Brea Mall and Brea Union Plaza, along with several other established shopping centers.
Financially, the offering reflects total current annual gross revenue of $720,588, with estimated expenses of $194,976 per year and an estimated net operating income of approximately $525,612, equating to an approximately 5.53% cap rate.
The shopping center is directly across the street from Central Park Village Brea. The broader Brea retail market is described as having a high demand for retail, supported by major destinations including Brea Mall and Brea Union Plaza, along with several other established shopping centers.
Financially, the offering reflects total current annual gross revenue of $720,588, with estimated expenses of $194,976 per year and an estimated net operating income of approximately $525,612, equating to an approximately 5.53% cap rate.
Key Highlights
- 24,065 SF shopping center on 2.23 acres at 375, 379 & 385 W. Central Avenue in Brea, CA
- 10 retail units; all units are currently occupied
- Total current annual gross revenue of $720,588
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
76
Shops & Services
10,141 visits/mo
0.4 miles
Shell
Shops & Services
8,817 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,867 visits/mo
0.1 miles
SUBWAY
Dining
2,475 visits/mo
0.4 miles
Domino's Pizza
Dining
2,361 visits/mo
0.3 miles
Demographics for 92821, CA
41,335
Population
15,232
Households
2.7
Avg Household Size
40
Median Age
49%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
2,932
Density / Sq Mi
$116,660
Median Household Income
$59,010
Median Earnings
$2,254
Median Rent
$851,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Founders Plaza — 330 N Brea Blvd, Brea, CA 92821
Frequently Asked Questions
What type of property is this?
Shopping center - 24,065 SF shopping center on 2.23 acres with 10 retail units, all currently occupied.
Where is this shopping center located?
The property is located at 375 379 & 389 W Central Avenue Brea, CA.
What are key features of this property?
This property features: 24,065 SF shopping center on 2.23 acres at 375, 379 & 385 W. Central Avenue in Brea, CA; 10 retail units; all units are currently occupied; Total current annual gross revenue of $720,588
