HdL Companies Sells 79,500 Square Foot Office Building In Brea For $19.5M

A 79,500-square-foot Class A office building at 120 South State College Boulevard in Brea sold for $19.5 million to a private investor. This transaction highlights a notable asset in the office market of Brea, with a price per square foot of $245.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $19,500,000
• Address: 120 South State College Boulevard
• Market: Brea
• Square Footage: 79,500
• Price per Square Foot: $245
• Seller: Andy Nickerson - HDL Companies
• Buyer's Representatives: Ryan Campbell - NAI Capital Commercial; Tony Naples - Lee & Associates
• Seller's Representatives: Anthony DeLorenzo, Sammy Cemo, Bryan Johnson & Harry Su - CBRE

HdL Companies, the seller, is one of six tenants in the building. The buyer was represented by two firms, NAI Capital Commercial and Lee & Associates, while the seller was represented by a team from CBRE.