Dwight Manley Purchases Office Property From Hines & Oaktree For $140 Million In Brea
SOLD
$140,000,000
California
See Similar DealsOffice576,234 SF
Sold 01/23/2026
SOLD
Dwight Manley Purchases Office Property From Hines & Oaktree For $140 Million In Brea
250 South Kraemer Boulevard
See Similar DealsOffice576,234 SF
Sold 01/23/2026
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$243
Total Square Footage:576,234 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 250 South Kraemer Boulevard in Brea. It was sold for a total transaction amount of $140,000,000, with a square footage of 576,234 and a price per square foot of $242.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $140,000,000
- Address: 250 South Kraemer Boulevard
- Market: Brea
- Square Footage: 576,234
- Price per Square Foot: $242
- Buyer: Dwight Manley
- Seller: Hines & Oaktree
- Brokers: Nico Napolitano, Jeffrey Cole & Kristen Schottmiller - Cushman & Wakefield
This transaction involved key individuals and companies including buyer Dwight Manley and the sellers Hines & Oaktree. The brokers representing the deal were Nico Napolitano, Jeffrey Cole, and Kristen Schottmiller from Cushman & Wakefield. Currently, the property serves as the corporate headquarters for Beckman Coulter, and it will be transitioning to house Costco along with 15 acres of new homes in the future.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$497,390.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$663,671.42
Annual Debt Service$7,964,057.10
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