Sales and leases of offices, industrial buildings, retail space and apartments
SALE
Feldspar LLC recently purchased a retail and office strip center in Aliso Viejo in an all-cash deal. The property was sold by Key Bank through receivership for $3.7 million and is on about 1 acre. Located at 22912 Pacific Park Drive, the 15,195-square-foot property is known as The Shops at Pacific Park. The brokers were Matt Mousavi, Dennis Vaccaro and Rich Walter of Faris Lee Investments. “Faris Lee’s marketing strategy focused on the strength of the master planned community of Aliso Viejo and the property’s strong historical occupancy,” Vaccaro said. “We generated a total of 10 offers, and despite the lender offering financing, our buyer chose to pay all cash for the asset.”
LEASE
18250 Euclid St., Fountain Valley
Space: 62,838 square feet
Building: industrial
Terms: multi-year; undisclosed
Tenant: Hyundai Motor America
Landlord: 18250 Euclid Street LLC
Brokers: Jim Snyder, Andy Walburger of Lee & Associates; Cushman & Wakefield
SALE
15571 Industry Lane, Huntington Beach
Price: $1.4 million
Building: industrial
Square feet: 11,200
Price per square foot: $128
Buyer: Lanh Van Nguyen, Hang T. Nguyen
Seller: Winbigler Trust
Brokers: Curt Stalder, Darin McDonald, Ted Sawyer of Lee & Associates
SALE
1300 N. Hancock St., Anaheim
Price: $1.5 million
Building: industrial
Square feet: 11,748
Price per square foot: $128
Buyer: Colormaker Inc.
Seller: Copp Paving Co.
Brokers: Paul Fisher of NAI Capital Orange County
LEASE
3 San Joaquin Plaza, Newport Beach
Space: 2,026 square feet
Building: office
Terms: four years: $175,000
Tenant: Doxa Dental
Landlord: The Irvine Company
Brokers: Brian Childs of NAI Capital Orange County/octenant.com
SALE
712-736 W. Chapman Ave., Placentia
Price: $3.4 million
Building: retail
Square feet: 9,054
Price per square foot: $379
Buyer: Placentia II LLC
Seller: 712 West Chapman LLC
Brokers: Grace Yoon of Lee & Associates
LEASE
1501 Orangthorpe Ave., Fullerton
Space: 6,829 square feet
Building: office
Terms: undisclosed
Tenant: iStar Financial Inc.
Landlord: Birch Windell LLC
Brokers: Barry Walshe of Voit Real Estate Services; Karl Heim, Lonnie Riddle of the Grubb & Ellis Co.
