Dollinger Properties Acquires Office Building In Brea For $33.5M

The office building known as Fairway Center I, located at 1800 E Imperial Hwy in Brea, CA, 92821, has been acquired by Dollinger Properties for $33,500,000.00. This 145,467-square-foot suburban office building is 90.7% leased to five tenants. Constructed in 1987, the property occupies 5.6 acres and features 10,800 square feet of retail space. It boasts a two-story marble lobby with a 25-foot circular skylight, lush landscaping, open floor plans, and a parking garage. The building is strategically positioned near freeways 90 and 57, approximately 20 miles from downtown Irvine and John Wayne Airport.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $33,500,000.00
• Market: Brea
• Seller's Rep: Mark DeGiorgio(JLL), Michael Leggett(JLL)
• Buyer: Dollinger Properties
• SF: 145467
• Asset Type: Office

HFF, represented by Mark DeGiorgio and Senior Managing Director Michael Leggett, played a crucial role in arranging the sale of Fairway Center I. The office building's market position, credit-worthy tenants, and potential for capital improvements were key attractions for a mix of private and institutional investors involved in the transaction. The property's proximity to the 1.3 million-square-foot Brea Mall lifestyle center adds to its appeal, making it an attractive investment opportunity in the Brea office submarket.