Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1987
Building Area Net
Land Area Net ()
Occupancy 13.0 %

Property description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire Fairway Center I (the “Property”), a 145,798 square foot office building located in Brea, California. Fairway Center I is currently 13% leased to two (2) tenants, both of which expire in 2026 providing an investor tremendous upside opportunity through lease up of the remaining vacancy (±127,000 SF). The Property is conveniently located off of the Orange (SR-57) Freeway on East Imperial Highway, offering exceptional visibility and immediate access to over 4 million square feet of retail and service amenities, as well as close proximity to an array of executive housing options throughout Orange and Los Angeles counties. Within immediate proximity are the 1.3 million square foot Brea Mall lifestyle center and the La Floresta master–development. With the office supply in Brea on the decline due to increased industrial conversions, Fairway Center I is positioned to benefit from the continued increase in leasing demand and upward movement in office rental rates as the Imperial Highway corridor gentrifies into a more vibrant environment. Additionally, the Property encompasses over 5 acres, giving investors a covered land play opportunity to potentially redevelop to multifamily or residential.

Investment highlights

  • Owner-User opportunity - 75,000 square feet of contiguous 2nd floor space
  • Strong development fundamentals creates flexible exit opportunity - residential and multi-family
  • Opportunity to reposition/renovate to further enhance value
  • Robust office market fundamentals - lowest vacancy in OC
Last Updated Date: 07 Jun 2022

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Last Updated Date: 07 Jun 2022

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