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Wood Investments Companies Leases Former Tower Records Location In Brea To UFC GYM

Property Image
LEASED
JM
TZ

California

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Retail30,000 SF
Leased 06/27/2023
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Property Image
LEASED

Wood Investments Companies Leases Former Tower Records Location In Brea To UFC GYM

220 South Brea Boulevard Brea, California 92821, USA

See Similar Deals
Retail30,000 SF
Leased 06/27/2023
JM
TZ
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:30,000 SF
Transaction Type:Lease

The former Tower Records location at 220 South Brea Boulevard in Brea has been leased by Wood Investments Companies, Inc to UFC GYM. The retail property spans a total of 30,000 square feet. UFC GYM is expected to open in the third quarter of 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 220 South Brea Boulevard
  • Market: Brea
  • Square Footage: 30,000

The lease agreement was facilitated by Manarino & Associates, with Jim Manarino and Tracey Zimmerman representing UFC GYM. Wood Investments Companies, Inc, headed by Patrick Wood, acquired the property in March 2022. This deal marks the new tenant for the former Tower Records location, with the gym expected to bring its offerings to the local Brea market.

NOTE: Wood Investments Companies, Inc brokered the lease agreement with UFC GYM for the property in Brea. The deal was finalized in June 2023, with the gym expected to open in the third quarter of the same year.

Players

JM
Jim Manarino
1 deal
BROKER
TZ
Tracey Zimmerman
1 deal
BROKER
WI
Wood Investments Companies Inc.
LANDLORD

Details

LEASED
IMAGE: 06/27/2023 ADDRESS: 220 South Brea Boulevard MARKET: Brea ASSET TYPE: Retail ~ SF: 30,000 LANDLORD: Wood Investments Companies, Inc - Patrick Wood TENANT: UFC GYM BROKERS: Jim Manarino & Tracey Zimmerman - Manarino & Associates NOTE: Wood Investments Companies has leased the former Tower Records location in Brea to UFC GYM, with the gym expected to open in Q3 2023. Wood Investments acquired the property in March 2022, and the deal was facilitated by Manarino & Associates.

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Deal Type
Effective Rent (Annual)

$1,719,581.90

Total Lease Value

$17,195,818.97

Net Landlord Cash Flow$1,719,581.90