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ADDRESS
140 S State College Blvd, Brea, CA 92821
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YIELDS
7.50%
(Y1 Cap Rate)
12.86%
(Y1 Leveraged Cash-on-Cash)
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INVESTMENT HIGHLIGHTS
| HIGH-IMAGE LOW RISE OFFICE INVESTMENT OPPORTUNITY WITH EXCEPTIONAL TENANCY |
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Newly renovated office building within a one-of-a-kind campus setting, offering unrivaled on-site amenities, freeway frontage, excellent ingress/egress, abundant neighboring 24-hour “live-work-play” offerings anchored by the 1.3-MSF Brea Mall, and an irreplaceable Orange County location with few competitive buildings in the market.
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Recent multi-million-dollar renovations demonstrate “pride-of-ownership” and provide exceptional ease of management and minimize future capital expenditures.
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100%-leased rent roll, with an average 3.7 years in remaining lease term and zero rollover through 2023, provides new ownership with existing cash flow stability and certainty, year 1 leveraged cash-on-cash return of 12.86%, and future upside to increase in-place rents (currently 10% below market).
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Distinguished tenancy consisting of two industry-leading companies:
- Burns & McDonnell–a top global engineering firm that has chosen Brea as its regional headquarters. The company is on Fortune’s 100 Best Companies for 10 consecutive years in 2020; and
- Yamibuy–a rapidly-growing e-commerce company with $100+ million in annual sales and whose sales have significantly taken off as a result of shelter-in-place and work-from-home mandates.
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Priced significantly below estimated replacement value of $37,302,000.
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Compelling rental rate growth, as high as ±19.1% over the next 5 years, according to CBRE Econometric Advisors.
| | BEST-IN-CLASS OFFICE CAMPUS WITH SIGNIFICANT NEW NEIGHBORING DEVELOPMENT |  | | |
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| CAPITAL MARKETS | INVESTMENT PROPERTIES |
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THIS IS A MARKETING COMMUNICATION
© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.
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