Sibylle AllgaierCushman & Wakefield is marketing The Beckman Coulter site in Orange County as a redevelopment opportunity for investors targeting a strategic location in the Los Angeles metropolitan area.
With approximately 34 acres, the site is one of the largest currently available in Orange County, and offers investors and developers the unique opportunity to control a large-scale site within infill Southern California for the future development to its highest and best use. The property is being offered for an unlisted price, on an “as-is” basis for the fee simple interest in the building(s) and the land beneath. The current owners will not consider offers that close upon entitlement.
Located at 200 and 250 S Kraemer Street – the intersection of two main local corridors (Kraemer & Birch streets) in the city of Brea, the property includes three (3) existing industrial buildings and two (2) existing office buildings that make up the approximately 576,234sq ft global headquarters campus of Beckman Coulter, a leader in clinical diagnostics and life science research products.
Nico Napolitano, Senior Director of Cushman & Wakefield’s Capital Markets Team, Executive Vice Chair Jeffrey Cole, and Kristen Schottmiller, Brokerage Coordinator, are handling the marketing effort and should be contacted for additional information.
Napolitano says: “This is an incredibly special redevelopment opportunity in a prime Southern California location. We expect interest from developers of all product types.”
Cole adds: “This development site is being offered at a discount to land value providing developers with limited downside and substantial upside.”
Brea offers a unique epicenter location between Orange County, Los Angeles and the Inland Empire markets. It is amongst the fastest-growing cities in the County and is well rounded with large, widely influential corporate employers, significant recreational activities, and great retail, shopping and dining option amenities. Citywide average home prices are approximately US $1.2 million (source: Zillow) and median household income is over US $120,000 (source: Data USA).
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