2830 Orbiter Street
BREA, CALIFORNIA
Offering Summary
OFFERING SUMMARY
Holliday Fenoglio Fowler, L.P (HFF), as exclusive advisor, is pleased
to present 2830 Orbiter Street (the “Property”). The Property is a
±101,420 square foot corporate headquarters building with an industrial
manufacturing, assembly and distribution component and a two story
office area located in the highly desirable submarket of North Orange
County. The Property is subject to a single tenant absolute net lease
to a well-known printing and publishing company that does not mature
until November of 2028. The Property features attractive long term inplace cash flow with guaranteed rental escalations in one of Southern
California’s most coveted submarkets.
Property Information
Address
2830 Orbiter Street
Brea, CA 92821
Property Submarket
Brea/La Habra
North OC
Property Size
±101,420 RSF
Year Built
1980
% Occupied
100%
% Office Finish
±51.34%
Office Square Feet
±52,069 RSF
±25,107 SF
1st Floor Total
±26,962 SF
2nd Floor Total
Building Dimensions
±366.6' (W) x ±232.0' (D)
Land Area
±6.59 Acres
(±287,168 Square Feet)
Construction
Reinforced Concrete
Building Type
Industrial - Corporate Headquarters
Truck Courts
±130'
Ceiling Clear Heights
±26'
Column Spacing
50' x 52'
Parking Spaces & Ratio ±284 Spaces
2.80 : 1,000 SF
Loading Doors
4 DH / 1 GL
Sprinkler System
Wet Sprinklers
Roof Type & Age
Aluminum Emulsion Coated
2004 Installed
Power
4,000 amps/277-480 volt
Zoning
M-1, Light Industrial
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Investment Highlights
INFILL NORTH ORANGE COUNTY SUBMARKET
A STABLE AND LOW RISK INVESTMENT OPPORTUNITY
HIGHLY DESIRABLE BREA ADDRESS
CORPORATE LOCATION
The Property is located in the City of Brea in the North Orange County submarket of Southern
California. As one of the most sought after locations to both tenants and investors, North
Orange County currently is among the lowest industrial vacancy rates (3.9%) in the nation.
The submarket has historically outperformed due to the considerable demand drivers in the
region and the high quality available labor pool.
The City of Brea is one of the most desirable addresses in all of North Orange County for
business. A multitude of corporate neighbors including Beckman Coulter, Union Bank,
Underwriter’s Laboratories and US Suzuki are located within the immediate vicinity of
the Property. This corporate environment and business headquarters presence is a
significant driver for tenants wanting to locate to Brea. Additionally, the area benefits from
a considerable retail amenity base including the regional Brea Mall, the Brea Marketplace
and Downtown Brea to name but a few.
ABSOLUTE NET LEASE WITH EXTENDED LEASE TERM
The Property is subject to a fifteen (15) year lease term that is scheduled to expire in
November of 2028, providing investors the security of growing annual cash flow for an
extended period. With an absolute net lease for the entire premises, potential investors
have no exposure to operating or capital expenses during the term of the lease. Additional
cash flow upside is provided via annual rental increases that also create an inflation
protected investment wherein rents are guaranteed to increase by a minimum of three
percent (3%) or maximum of five percent (5%) each year over the entire term.
The Property has been continuously occupied by the same tenant since its construction
and has a lease in place for the next fourteen (14) years. With an absolute net lease
structure and a submarket that is one of the tightest in terms of vacancy in the region,
the Property affords a very stable cash flow coupled with a low downside risk for
investors.
The Property is ideally located within close proximity to Imperial Highway, which as
the main artery to the Orange Freeway (SR 57) connects to either the Pomona Freeway
(SR 60) to the north or the Riverside Freeway (SR 91) to the south. Brea Union Plaza
Shopping Center and the regional Brea Mall are located adjacent to the Property,
offering convenient access for employees to restaurants and amenities.
LIMITED INDUSTRIAL SUPPLY
As an infill market, Orange County has very little available land for future development.
Due to the high land prices seen in the market, developers are often choosing to
construct alternate property types on existing industrial parcels to capture the highest
and best uses as is typically seen in more expensive coastal markets. As a result,
demand in the submarket is expected to outpace new supply, providing a secure long
term investment.
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Sales Team
Anthony J. Brent
Senior Managing Director
T 310.407.2123
[email protected]
CA Lic. 01037252
2830 Orbiter
Street
Ryan Martin
Managing Director
T 949.798.4104
[email protected]
CA Lic. 01932035
Debt Contact
Paul Brindley
Senior Managing Director
T 310.407.2112
[email protected]
CA Lic. 01173794
Imp
eria
l Hig
hwa
y
Jeff Sause
Associate Director
T 310.407.2133
[email protected]
CA Lic. 01852507
LOCAL LEASING AGENT
Allen Buchanan
Principal
Lee & Associates
T 714.564.7104
[email protected]
2830 Orbiter
Street
Holliday Fenoglio Fowler, L.P., acting
by and through Holliday GP Corp., a
California licensed real estate broker
with the California Department of
Real Estate, California License Number
01385740. (“HFF”)
All inquiries and property tours must
be routed through our marketing
team. Visit offering website to sign
confidentiality agreement and view
pertinent information.
HFFLP.COM
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