Healthcare Property Advisors Acquires Brea Office Building For $80M
915 W Imperial Hwy Brea, CA 92821, USA
$80,000,000
$277/SF
Building Size
288,058 SF
Asset Type
Office
Closing
Dec 13, 2022
AI
The sale of an office property in Brea, CA has been finalized. The property, located at 915-975 W. Imperial Highway & 950 Mariner Street, covers a total area of 288,058 square feet. The transaction took place on 12/13/2022, with a sale price of $80,000,000 and a price per square foot of $278.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $80,000,000
- Address: 915-975 W. Imperial Highway & 950 Mariner Street, Brea, CA
- Market: Brea, CA
The buyer in this transaction is Healthcare Property Advisors, while the seller is AdelFi Banking. The deal was facilitated by brokers Blake Bokosky, Louis Tomaselli, and John Chun from JLL.
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93