Updated Oct 28, 2024
Brixmor Property Group Acquires Retail Property In Brea For $85.7M
305 West Imperial Highway, Brea, California 92821, United States
$85,700,000
$470/SF
Building Size
182,000 SF
Asset Type
Retail
Closing
Jan 10, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 305 Imperial Hwy in Brea. The transaction took place on January 10, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $85,700,000
- Square Footage: 182,000
- Price Per Square Foot: $470
- Market: Brea
The buyer in this transaction was Brixmor Property Group, represented by James Taylor. Brixmor Property Group is a real estate investment trust specializing in the ownership and operation of grocery-anchored shopping centers.
The retail sale at 305 West Imperial Highway, Brea, California 92821, United States in Brea, California sold for $85.7M in 2022. The building is 182,000 square feet, implying about 470 per square foot on the published price. This page is the Brea, California file for the 305 West Imperial Highway, Brea, California 92821, United States retail sold: pricing, party profiles, and other closed retail comps from the same Brea sit in the Market section below. Filter that Brea retail set by closing date to see what else sold near 305 West Imperial Highway, Brea, California 92821, United States around 2022. Published consideration for 305 West Imperial Highway, Brea, California 92821, United States is $85.7M, dated 2022. Cite this Brixmor Property Group Acquires Retail Property In Brea For $85.7M sale when underwriting similar retail product around Brea, California.
Players
Brea Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93