Sales and leases of offices, industrial buildings, retail space and apartments
SALE
Westminster’s Redevelopment Agency paid $18 million for a 37,000-square-foot auto dealership building at 15550 Beach Blvd. The agency paid $486.50 per square foot for the building. It bought the vacant building to lease to an Infiniti dealership that opened last month. El Camino GMC was based at the site before closing. Auto dealerships are coveted by cities for the sales tax they bring. The Infiniti dealership could bring in $300,000 in yearly sales tax for Westminster, according to city officials. The dealership building was put up in 1968 and sits on 6.4 acres of land. Mark Pressey and Ronald Beard of Southland Equities represented the seller, NW Investment Co. The city represented itself.
SALE
4663 La Palma Ave., Anaheim
Price: $42 million
Building: industrial
Square feet: 281,548
Price per square foot: $149
Buyer: Pfizer Inc.
Seller: Sares-Regis Group
Brokers: Darla Longo, Barbara Emmons, Rebecca Perlmutter, Brad Bierbaum, Ryan Peterson, Chris Kehrli, Ben Seybold, CB Richard Ellis Group Inc.
SALE
2249 S. Yale St., Santa Ana
Price: $4.1 million
Building: flex
Square feet: 49,506
Price per square foot: $83
Buyer: JP California Property Management LLC
Seller: Morrisette Family Trust
Brokers: JR Williamson, Chip Dever, NAI Capital
SALE
18071 Fitch, Irvine
Price: $3.2 million
Building: office
Square feet: 24,573
Price per square foot: $130
Buyer: Khoshbin Co.
Seller: CW Financial Services
Brokers: George Economos, Steve Frey, NAI Capital
LEASE
27441 Crown Valley Parkway
Space: 47,000 square feet
Building: retail
Terms: 15 years; value undisclosed
Tenant: LA Fitness International LLC
Landlord: Westport Capital Partners LLC
Brokers: Mark Baziak, Terrison Quinn, Mark Jones, Grubb & Ellis Co.; John Kalamaras, RealSource Partners; Pat Gilhooly, Clover Co.
SALE
326 S. Garnsey St., Santa Ana
Price: $3 million
Building: apartment
Units: 26
Price per unit: $116,000
Buyer: Orange Housing Development Corp.
Seller: Benjamin Paez
Brokers: Rick Applebaum, Morgan-Skenderian Investment Real Estate Group
SALE
1577 N. Main St., Orange
Price: $1.1 million
Building: industrial
Square feet: 8,413
Price per square foot: $131
Buyer: JLD Group LLC
Seller: Specialty Steel
Brokers: John Odegaard, NAI Capital
