375-385 W Central Ave
Brea, CA 92821
375 W Central Ave, Brea, CA · Retail Property For Sale

CBRE has been retained as the exclusive advisor to offer for sale a 100% fee simple interest in the property located at 375, 379, & 385 W. Central Avenue in Brea, California. The property is a 24,065 square foot shopping center situated on 2.23 acres of land. This property includes 10 retail units which are 93% occupied. The total current annual gross revenue is equal to $661,236. The expenses are estimated at $188,826 per year. The net operating income is equal to approximately $470,988 which equates to a 5.24% cap rate. Located directly across the street from the subject property on Central Avenue is a new development called Central Park Village Brea (see Location Overview section for more details). The city of Brea remains a region with a high demand for retail as the home to over 4.5 million square feet of retail and 32 shopping centers. The largest and most famed of these centers is the 1.5 million SF Brea Mall. The mall welcomes 14 million visitors annually and houses tenants such as Nordstrom, JCPenney, Macy’s, and Sears. Down the street from the mall is Brea’s largest power center, the 589,019 SF Brea Union Plaza which includes, Nordstrom Rack, Sears Outlet, Staples, Home Depot, and Walmart. Other noteworthy retail centers include the Brea Marketplace, Birch Street Promenade, Imperial Center East, the Brea Gateway Shopping Center, and Brea Plaza