facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Lease

/

220 South Brea Boulevard Br...

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

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

220 South Brea Boulevard Brea, California 92821, USA

Building Size

30,000 SF

Asset Type

Retail

Closing

Jun 27, 2023

AI

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

Jim Manarino

Broker

1 deal

Broker
WI
Wood Investments Companies Inc.Landlord

Brea Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93