This 8,707 square foot property is one Mixed-Use parcel encompassing three individual structures and 32 surface level parking spaces. The structures are in decent shape so a new investor or owner user can really maximize value on this Property.
The Property is fully operational and has been managed by an absentee medical group resulting in significant upside for a new owner with current leases on month-to-month basis and each well below market.
There is nothing like this in Orange County. For an owner-user the possibilities are tremendous. Use the medical space for the business office and collect significant rent revenue from the tenants. For an investor a hands-on approach, reworking existing leases and re-renting the medical space for market rent provides for close to a 6% CAP in a premium location and low risk rental environment.
The Property is located on the corner of S. Brea Boulevard and Juniper Street in the Brea / La Habra Submarket. It’s main street frontage on the cusp of Downtown Brea provides a building in the path of progress and any new owner will realize a sharp rise in quick appreciation.
Sellers are motivated; bring all offers.
