Updated Feb 10, 2026
Dwight Manley Purchases Office Property From Hines & Oaktree For $140 Million In Brea
250 South Kraemer Boulevard
$140,000,000
$243/SF
Building Size
576,234 SF
Asset Type
Office
Closing
Jan 23, 2026
About this deal
AI
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.
On the Map
$140,000,000
$243/SF
Office
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Players
Brea Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93