735 Challenger StBrea, CA 92821

Property Details for 735 Challenger St

Lot size

1.31 AC

Property type

Industrial properties

APN

296-221-26

APU

29622126

Description

This exceptional 21,340-square-foot Class A industrial flex building in Brea, California, presents a unique single-tenant opportunity. Located at 735 Challenger St, in Orange County (zip code 92821), this freestanding property sits on a 1.31-acre lot and boasts 24-foot ceilings, making it ideal for various manufacturing, flex, warehouse, or distribution uses. The building, constructed in 2003, features two ground-level drive-in doors for efficient loading and unloading. Ample parking is provided with 44 spaces, including 39 designated for the tenant. The property includes two office restrooms and two warehouse restrooms. Approximately two-thirds of the warehouse space is air-conditioned. The building is equipped with 800 amps, 277/480 volts power (tenant verification recommended). The M1 zoning allows for a wide range of industrial applications. The first floor is available for lease

• CAP approach

  CAP return

  Valuation

  6%

  $34,907,900

  6.5%

  $32,222,700

  7%

  $29,921,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,466,800

  Geo Method

  $17,739,600

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $16,704,500

  Mixed-Use / Specialty

  $16,787,500

  Hospitality / Lodging

  $12,502,000

  Office

  $16,836,200

  Institutional / Educational

  $17,503,200

  Residential Income

  $20,478,700

  Multifamily

  $23,770,900

  Automotive / Energy

  $15,002,700

  Parking / Income-Based Land

  $5,036,430

  Restaurant / Food Service

  $9,035,500

  Healthcare / Senior Housing

  $17,069,100

Location Insight

City

Brea

County

Orange

State

California

Latitude

33.9288

Longitude

-117.908

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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