220 Brea BlvdBrea, CA 92821

  • Other commercial real estate
  • 0.37 AC
For Sale
$11,500,000 View listing

Property Details for 220 Brea Blvd

Lot size
0.37 AC
Property type
Other commercial real estate
APN
319-291-36
APU
31929136

Description

This exceptional investment opportunity presents a 29,946-square-foot, two-story UFC Gym in Brea, California. Located at 220 S Brea Blvd, this flagship gym boasts a prime, hard-corner location in Downtown Brea, benefiting from excellent visibility and high traffic counts (100,000 cars daily at Imperial Highway and Brea Boulevard). The property sits on a 0.37-acre lot and was built in 2000, undergoing renovations in 2023. The building features ample parking, further enhanced by an adjacent city-owned parking structure. The property is currently under a 15-year Net Net Net (NNN) lease with UFC Gym, commencing October 22, 2023, and expiring September 29, 2038. The lease includes two, five-year renewal options, each with a 10% rent increase. The current asking price is $11,500,000, representing a 6.00% cap rate. The average household income within a three-mile radius is $130,000. This is a 100% occupied, single-tenancy investment with built-in rent bumps of 10% every five years, providing a stable and attractive return for investors. The property's APN is 319-291-36. This is a rare opportunity to acquire a high-performing, nationally branded fitness center in a highly desirable Orange County location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,242,808
    Hospitality
    $4,802,384
    Educational
    $3,995,528
    Medical
    $4,132,940
    Retail
    $6,215,265
220 Brea Blvd, Brea, California

Location Insight

City
Brea
County
Orange
State
California
Latitude
33.9178
Longitude
-117.899
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$67,788
$2,861,100
$3,093,742
$5,954,842
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