Sales and leases of offices, industrial buildings, retail space and apartments
SALE
U.S. Bank National Association recently sold a Tustin office building for $13.5 million to a private buyer.
The 139,558-square-foot space at 15621, 15641, and 15661 Red Hill is 25% leased, according to real estate brokerage Lee & Associates Commercial Real Estate Services Inc.
Brokers involved in the deal included Lee & Associates’ Kurt Bruggeman and Ryan Swanson, as well as Gary Stache, Pat Scruggs, and Anthony DeLorenzo of CBRE Group Inc.
SALE
13901 Seaboard Circle, Garden Grove
Price: $995,000
Building: manufacturing
Square feet: 7,602
Price per square foot: $130.89
Buyer: Paul Lam
Seller: Gerhard Fehrmann
Brokers: Mike Barreiro, Gavin Dennis-ton of Daum Commercial Real Estate Services; Brian Williams of Voit Real Estate Services Inc.
SALE
9881 Irvine Center Drive, Irvine
Price: $1.2 million
Building: office
Square feet: 4,950
Price per square foot: $246.46
Buyer: Arie Haziza
Seller: James M. Thayer
Brokers: Alton Burgess of Voit Real Estate Services; Mike Johnson of CresaPartners
SALE
3121 N. Orange Olive Road, Orange
Price: $1.4 million
Building: apartments
Units: seven
Price per square foot: $200,000
Buyer: Madeline King Lee Trust
Seller: Conrad A. Wyszomirski
Brokers: Grant Hahn of Morgan-Skenderian Investment Real Estate Group
LEASE
12552 Western Ave., Garden Grove
Space: 80,101 square feet
Building: industrial
Terms: seven years; $3.2 million
Tenant: The Map Sports Facility
Landlord: Deutsch SDL Ltd.
Brokers: Darin McDonald, Ted Sawyer of Lee & Associates; Nick Spatafore of CBRE
SALE
737-741 S. Coast Highway, Laguna Beach
Price: $2.8 million
Building: motel
Square feet: 5,472
Price per square foot: $511.70
Buyer: Limelight Investments LLC
Seller: Brendan Group Inc.
Brokers: Steve Murillo of First Manhattan Mortgage; Randy Benson of South Coast Real Estate Investments
SALE
2700 E. Coast Highway, Newport Beach
Price: $5 million
Building: retail storefront
Square feet: 7,971
Price per square foot: $627.27
Buyer: Mobilitie
Seller: Charles Masters Jr.
Brokers: Jon Flagg of HÔM Real Estate Group Inc.; Ian Brown, Vanessa Brown of Grubb & Ellis Co.