Sales and leases of offices, industrial buildings, retail space and apartments
SALE
Equus Products Inc., a maker of automotive testing equipment, paid $8.5 million for a 95,000-square-foot building at 17352 Von Karman Ave. in Irvine. The building is set to serve as the headquarters for the company, which plans to relocate from Fountain Valley. The building also will house warehousing, distribution and research and development. MAM-Von Karman LLC, the previous owner, started to convert the building into an industrial and office park but lost possession in 2009. Brokers initially tried to attract a new developer but later marketed the building for sale in its current condition. Equus plans its own interior renovation. Cameron Driscoll, Luke McDaniel, Mike Hartel and Travis Haining of Voit Real Estate Services represented Equus. Michael Barreiro of Daum Commercial Real Estate Services represented the seller.
SALE
161 to 230 S. Valencia St., La Habra
Price: $3.1 million
Building: apartments
Units: 24
Price per square foot: $133
Buyer: Jon and Judith Swail Trust
Seller: Gordon Ocean LLC
Brokers: Greg Bassirpou, Jim Kordell of Marcus & Millichap Real Estate Investment Services
SALE
11841 Beach Blvd., Stanton
Price: $1.1 million
Building: retail
Square feet: 6,716
Price per square foot: $163
Buyer: Scotty Lee
Seller: Kha D. Nguyen
Brokers: Marcus & Millichap Real Estate Investment Services
SALE
902 N. Main St., Santa Ana
Price: $1.8 million
Building: office
Square feet: 9,500
Price per square foot: $195
Buyer: Legacy Fund
Seller: Jeffrey W. Adler
Brokers: Mike Hefner of Voit Real Estate Services
LEASE
9801 Research Drive, Irvine
Space: 23,450 square feet
Building: research and development
Terms: undisclosed
Tenant: Ubiquity Broadcasting Corp.
Landlord: Avant Garde Properties
Brokers: Don Yahn, Brett Swartzbaugh of Cushman & Wakefield Inc.; John Desper of Grubb & Ellis Co.
LEASE
16510 Aston St., Irvine
Space: 6,170 square feet
Building: industrial
Terms: undisclosed
Tenant: Environmental Management Strategies Inc.
Landlord: Business Center of Irvine Inc.
Brokers: Chuck Hardy, Tim Arguello of Lee & Associates
LEASE
2146 Michelson Drive, Irvine
Space: 4,886 square feet
Building: industrial
Terms: undisclosed
Tenant: Xenon Inc.
Landlord: Olen Commercial Realty Corp.
Brokers: Chuck Hardy, Jeff Gahagan of Lee & Associates; Kathie Wadsworth of Olen Commercial Realty Corp.
