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160 Olinda Pl 12,000 SF 100% Leased Retail Building Brea, CA 92823 $4,074,727 CAD ($339.56 CAD/SF) 3.46% Cap Rate
Investment Highlights
- Positioned in a high-traffic corridor with excellent visibility and easy access.
- Anchored by a diverse tenant mix, including retail, dining, and service businesses.
- Expansion or redevelopment potential under existing zoning or through rezoning approvals.
- Approximately 150 surface parking spaces provide abundant customer convenience.
- Value-add opportunity through renovations to façade, common areas, and parking lot.
- Potential senior living redevelopment permitted with conditional use authorization.
Executive Summary
This retail shopping center offers a compelling investment opportunity in a high-visibility, high-traffic location. Spanning approximately 12,000 square feet on a 3.68-acre parcel, the property features a diverse mix of retail, dining, and service tenants that generate consistent customer activity. The asset includes roughly 150 parking spaces, ensuring convenience and accessibility for visitors. Deferred maintenance presents a value-add opportunity for renovation and modernization, which can enhance tenant appeal and bolster rental income. Additionally, the site’s Neighborhood Commercial (C-N) zoning allows for creative redevelopment options, including possibilities for senior living facilities subject to a conditional use permit. Investors also have potential for rezoning, with R-1 zoning permitting up to six single-family dwellings per acre, contingent on City approvals. This property combines an established performance record with strong long-term growth potential, offering significant flexibility for investment strategies.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
C
Year Built
1966
Price
$4,074,727 CAD
Price Per SF
$339.56 CAD
Cap Rate
3.46%
NOI
$141,139 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
3.68 AC
Zoning
C-N - Neighborhood Commercial
Parking
150 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
512’ on Carbon Canyon
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 315-052-04 | Improvements Assessment | $843,395 CAD |
| Land Assessment | $623,895 CAD | Total Assessment | $1,467,290 CAD |
Property Taxes
Parcel Number
315-052-04
Land Assessment
$623,895 CAD
Improvements Assessment
$843,395 CAD
Total Assessment
$1,467,290 CAD
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160 Olinda Pl
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