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915 W Imperial Hwy Brea, CA...

Healthcare Property Advisors Acquires Brea Office Building For $80M
SOLDOffice

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

Blake Bokosky

JLL

Broker

$645.8M

vol

7 deals

Broker
HA
Healthcare Property AdvisorsBuyer
AB
AdelFi BankingSeller

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