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The Hawaii estate that was featured on “Magnum, P.I” is seen in this 2012 file photo. The three-acre estate in the East Oahu community of Waimanalo was sold for $8.7 million to a Chicago entity with close ties to President Barack Obama.

The buyer of the $8.7 million Hawaii beachfront estate known as the home of Tom Selleck’s 1980’s television character “Magnum P.I.” — a Chicago entity with close ties to President Barack Obama — has “strong ties to Hawaii,” the firm that represented the seller said Thursday.

The entity that recently closed on the sale, Wamanalo Paradise LLC, lists as its manager Judy Grimanis, an executive assistant for Chicago-based venture capital and private equity firm The Vistria Group, which has ties to Obama, who was born in Hawaii and graduated from Punahou School.

Vistria Group is headed up by Obama’s close friend and golf companion Martin Nesbitt, who is also the president of the Barack Obama Foundation, the o

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