949-378-7364
140 S State College Blvd, Brea, CA for Sale
Office - FOR SALE
1/12
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140 S State College Blvd
Brea, CA 92821
Brea-Olinda


HIGHLIGHTS

  • TIMELESS LOW-RISE OFFICE OPPORTUNITY IDEAL FOR OWNER-USER HQ
  • BEST-IN-CLASS OFFICE CAMPUS WITH PRIME LOCATION IN ORANGE COUNTY

OVERVIEW

TIMELESS LOW-RISE OFFICE OPPORTUNITY IDEAL FOR OWNER-USER HQ * HIGH-IMAGE OFFICE OFFERING IN CAMPUS SETTING | 140 S. State College Blvd offers attractive intrinsic attributes: distinguished stone and glass façades, extensive glass lines with sweeping hillside views, modern interiors, lush landscaping within a campus setting, abundant parking with convenient building access, and freeway visibility. * FLEXIBLE OWNER-USER OCCUPANCY | The property offers an owner-user up to ±38,304 SF of immediate occupancy, plus a potential ±26,940 SF of additional space in ±18 months (The lease for Transocean Resources, in suite 300, expires and the end of April, 2026. Tenant has an "Option Term" exercisable to extend 5 years). * CORPORATE USER BENEFITS | This is an ideal corporate headquarter investment that provides an attractive lease-saving trade-off. As opposed to leasing space, a purchase provides protection against future rental market uncertainty and rate hikes. It further offers occupancy control, certain tax benefits, and after-tax equity accumulation. * TREMENDOUS IN-PLACE INCOME | The in-place leases provide an annual gross rent revenue of ±$1,061,536 that could potentially allay operating and financing costs during the early years of ownership. BEST-IN-CLASS OFFICE CAMPUS WITH PRIME LOCATION IN ORANGE COUNTY * PRIME ASSET | 140 S. College is available alongside the adjacent 130 S. State College building, adding an additional ±45,188 SF. Both buildings are part of the highest-image, most prominent mixed-use campus in the North Orange County market. * RECENT RENOVATIONS | Recent multi-million-dollar upgrades established Brea Place as a one-of-a-kind work-life campus highlighted by indoor/outdoor space, superior onsite amenities that include an athletic club, an executive lap pool, state-of-the-art collaboration/game room and world-class conference/ training center, an integrated park, outdoor green work spaces and activities, complementary pop-up classes, dining options, and everyday convenient services. * NEW SURROUNDING DEVELOPMENTS | The Property is directly adjacent to a significant mixed-use development consisting of a 653-unit, Class A apartment complex and a 138- room key Class A hotel. STRONG MARKET FUNDAMENTALS * TOP INVESTMENT MARKET | According to CBRE’s Investor Survey, Orange County is among the top investment regions in the Americas in 2024 among investors, reflecting the county’s resilient market fundamentals. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market. * FAVORABLE LOW-RISE OFFICE TRENDS | Over the last decade, growth among the low-rise products have been robust, outpacing high-rise products in vacancy compression and rent growth. As of 3Q24, direct vacancy for low-rise office was 8.9%, well-below the rest of the office market. This trend is expected to continue into the foreseeable future. * STRONGEST OCCUPANCY | According to CBRE Research, North Orange County is still outperforming the rest of the Orange County market, with the lowest direct vacancy rate as of 3Q24 with 8.7%. That is 270 bps lower than the second lowest submarket, South Orange County. * ABUNDANT RETAIL AND LIFESTYLE AMENITIES | In addition to onsite amenities, the Property offers surrounding world-class amenities in the best Live-Work-Play location in North OC, anchored by Simon Property’s 1.31 million square foot Brea Mall, a 175+ store regional mall that is the largest in North Orange County. Also nearby are the Brea Marketplace, The Tracks at Brea, Disneyland, Honda Center, Angel Stadium, and the Anaheim Regional Transportation Intermodal Center.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Brea Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

311

LAND DETAILS

LAND ACRES

3.61 AC

LAND SF

157,252 SF

ZONING

CC-PD

APN/PARCEL ID

319-332-03

ASK ABOUT THIS PROPERTY

Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.