Private Investor Snags Brea Offices for $28M

CBRE facilitated the $27.8-million sale of Fairway Center II, a 135,308-square-foot office property located at 675 Placentia Ave. in Brea. CBRE represented the institutional seller. The Whittier Comstock, LLC, a subsidiary of MW Investment, LLC and owned by Matt Waken, acquired the property.

CBRE’s Anthony DeLorenzo with National Office Properties, along with Sammy Cemo, Bryan Johnson and Jackson Marlow, represented the seller. Shaun Moothart and Andrew Post of CBRE’s Debt & Structured Finance practice secured the financing for the buyer.

“Fairway Center II attracted significant interest amongst the investment and owner/user community alike,” said DeLorenzo. “We received multiple competitive offers from a variety of buyer profiles and awarded the property to a private investor within the first 30 days of marketing.”

The property was 70.5% leased at the time of the sale.  The property is anchored by the County of Orange, which occupies more than 61,000 square feet under a long-term lease.

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