Occupied Retail Shopping
375 379 & 389 W Central Avenue Brea, CA 92821
375 379 & 389 W Central Avenue, Brea, CA, 92821
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market103
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
Listing agency
Coastal Commercial
Listed by
Nathan Holthouser · License #CA 01838616
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 6:27PM Checked: Jul 21 at 6:27PM
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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
Location Intelligence
Current Use by Public Records
Beauty Eclectic
Hair Salon
The Phoenix Club
Restaurant
Phoenix Club Prinzengarde
Theater & Performing Art Venue
Farzi Skin Care
Medical Clinic
Rachael Jackman Stylist
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Founders Plaza — 330 N Brea Blvd, Brea, CA 92821
FAQs
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
