The Beckman Coulter site in Brea, CA, is now on the market, offering vast development potential.
The Beckman Coulter site in Brea, California, is officially on the market, offering a 34-acre campus with significant development opportunities for investors. The property, which includes 576,234 square feet of industrial and office space, is currently leased to Beckman Coulter, providing immediate income for potential buyers. The site presents a lucrative opportunity amidst California’s housing demand, with the city of Brea considering re-zoning for residential development, further increasing its appeal for investors.
The Beckman Coulter site, a former biotechnology research company campus located at 200-250 S. Kraemer St. in Brea, California, has officially been placed on the market. Houston-based real estate firm Hines is leading the sale, with Cushman & Wakefield managing the marketing and sale process. The site spans 34 acres and consists of three industrial buildings and two office buildings, totaling 576,234 square feet of space.
Currently, Beckman Coulter utilizes the property as its global headquarters campus, operating under a lease that is scheduled to expire in three years. The sale offer will include this existing lease, providing potential buyers with immediate income from the property.
Cushman & Wakefield’s marketing materials suggest that the site presents significant development opportunities for investors and developers in the Southern California real estate market. The property is not only suitable for its current industrial and office use but can also be considered for various other purposes, including potential residential developments.
The city of Brea has expressed its willingness to consider re-zoning the property for residential development, opening the door for developers to create housing solutions in response to the increasing demand. This flexibility allows for the possibility of converting the property into over 650,000 square feet of industrial space, aligning with Brea’s recent trend of approving multiple new industrial developments, indicating a general growth in the area.
The property’s location is particularly strategic as it meets the urgent demand for additional housing in California. As the state faces a housing shortage amidst rising market demand for homeownership, the Beckman Coulter site presents a golden opportunity for developers aiming to address this crisis. The marketing emphasizes this growing demand in light of limited new product availability, making it a potentially lucrative investment for those willing to navigate the local real estate landscape.
The Beckman Coulter site has been jointly owned by Hines and Los Angeles-based Oaktree Capital Management LP since 2018. With this background, the properties come with a promising opportunity for prospective buyers looking to invest in a well-located site within a rapidly growing market. Cushman & Wakefield is offering the property for fee simple interest, making it an appealing investment opportunity without complex ownership structures to navigate.
In summary, the Beckman Coulter site in Brea is now on the market, offering a substantial 34-acre campus that includes significant office and industrial space. With an active lease in place and possibilities for residential development and industrial expansion, interest from developers and investors is expected to be high. The willingness of the city to consider re-zoning and the overall trends in Brea’s market further enhance the property’s appeal, positioning it as a key opportunity for growth in Southern California’s real estate sector.
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