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REAL ESTATE DEALS – June 4, 2012

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.

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