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Healthcare Property Advisors Acquires Office Portfolio In Brea, CA For $80M

Property Image
SOLD
$80,000,000

California

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Office288,058 SF
Sold 12/13/2022
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Property Image
SOLD

Healthcare Property Advisors Acquires Office Portfolio In Brea, CA For $80M

975 Imperial Highway

See Similar Deals
Office288,058 SF
Sold 12/13/2022
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$277
Total Square Footage:288,058 SF
Transaction Type:Sale

Healthcare Property Advisors has acquired an office property located at 915-975 W. Imperial Highway & 950 Mariner Street in Brea, CA. The property spans approximately 288,058 square feet and was sold for a total of $80,000,000, resulting in a price per square foot of $278. The transaction took place on 12/13/2022 and involved AdelFi Banking as the seller.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $80,000,000
  • Square Footage: 288,058
  • Price Per Square Foot: $278
  • Address: 915-975 W. Imperial Highway & 950 Mariner Street, Brea, CA
  • Market: Brea, CA

The deal was facilitated by brokers Blake Bokosky, Louis Tomaselli, and John Chun from JLL, who represented and worked with Healthcare Property Advisors throughout the transaction.

Players

Blake Bokosky
7 deals$645.8M volume
BROKER

John Chun
JLL
20 deals$1.1B volume
BROKER

Louis Tomaselli
JLL
9 deals$222.1M volume(949) 885-2985
BROKER

BUYER

Details

SOLD
IMAGE: Blake Bokosky, Louis Tomaselli & John Chun DATE: 12/13/2022 ADDRESS: 915-975 W. Imperial Highway & 950 Mariner Street MARKET: Brea, CA ASSET TYPE: Office BUYER: Healthcare Property Advisors SELLER: AdelFi Banking BROKERS: Blake Bokosky (@Socal_Officesales), Louis Tomaselli & John Chun - JLL SALE PRICE: $80,000,000 SF: 288,058 ~ PPSF: $278

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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