Updated Oct 29, 2024
Healthcare Property Advisors Acquires Office Portfolio In Brea, CA For $80M
975 Imperial Highway
$80,000,000
$277/SF
Building Size
288,058 SF
Asset Type
Office
Closing
Dec 13, 2022
About this deal
AI
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.
On the Map
$80,000,000
$277/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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93