Sales and leases of offices, industrial buildings, retail space and apartments
SALE
A 165-unit apartment complex in Tustin was recently sold to Valencia Gardens Apartments Owner LLC for $25.5 million. BB&K/NNC Valencia Gardens LLC purchased the building. The recently reno-vated apartments—called Valencia Gar-dens—were built in 1970 and are at 15742 Williams St. They are comprised of one- and two-bedroom units.
The brokers involved in the deal were Robin D. Ossenbeck, Shane Shafer and Peter Hauser of Hendricks & Partners.
SALE
1492 N. Coast Highway, Laguna Beach
Price: $1.55 million
Building: office
Square feet: 2,767
Price per square foot: $560
Buyer: NSW LLC
Seller: Richard J. and Belle Tuckerman
Brokers: Todd Weeks, Lynn Yangchana of MGR Real Estate
SALE
12300 Industry St., Garden Grove
Price: $3 million
Building: industrial
Square feet: 46,180
Price per square foot: $65
Buyer: Pacific Equity Partners LLC and Social Industrial Partners LLC
Seller: Industry Grove LLC
Brokers: Michael Bouma, Paul Caputo of Voit Real Estate Services
SALE
7212 Edinger Ave., Huntington Beach
Price: $2.55 million
Building: commercial
Acres: 10
Price per acre: $255,000
Buyer: Danforth Holdings
Seller: Huntington Center LLC
Brokers: Matt Hammond, Ben Terry of Coreland Cos.
LEASE
1375 Dove St., Newport Beach
Space: 10,877 square feet
Building: office
Terms: 10 years; undisclosed
Tenant: Tangram Interiors
Landlord: Palm Springs Village-309 LLC
Brokers: Oliver Fleener, Shane Wilder, Alex Musetti of Grubb & Ellis Co.
LEASE
1375 Dove St., Newport Beach
Space: 5,741 square feet
Building: office
Terms: five years; undisclosed
Tenant: Activate Drinks
Landlord: Palm Springs Village-309 LLC
Brokers: Oliver Fleener of Grubb & Ellis Co.; Bob Taylor, Travis Boyd of Cushman & Wakefield
SALE
3420-3430 Fordham Ave., Santa Ana
Price: $1.94 million
Building: industrial
Square feet: 16,848
Price per square foot: $115
Buyer: James R. and Cheryl A. Herr
Seller: Bernard R. and Valerie Glass
Brokers: Mike Long, Jim Snyder of Lee & Associates
