SALES
An undisclosed buyer paid $4.2 million to an undisclosed seller for the 38-unit Evergreen Apartments at 1601 to 1605 Evergreen in Santa Ana. John Nguyen and David Beauchamp of Marcus & Millichap Real Estate Investment Services Inc. represented both parties.
An undisclosed buyer paid $2 million to an undisclosed seller for a 16,819-square-foot mixed-use property at 217 N. Broadway in Santa Ana. The property consists of two buildings and a pay parking lot. Pasha Darvishian and Wes Griffin of Marcus & Millichap represented both parties.
LEASES
Big Train leased a 97,152-square-foot industrial building at 25392 Commercentre in Lake Forest. Terms weren’t disclosed. Wes Hunnicutt and Ken Ward of Cresa Partners LLC represented the tenant. Dave Desper and Greg Haly of CB Richard Ellis Group Inc. represented landlord Makena Properties LLC.
Costco Wholesale Corp. leased 58,000 square feet of industrial space at 6881 8th St. in Buena Park. Terms weren’t disclosed. Costco plans to use the facility as a regional distribution center. Karl Heim of Cresa Partners LLC represented the tenant. Steve Calhoun of Seeley Co. represented landlord Barbara Herman Living Trust.
DRI Residential Corp. leased a 17,675-square-foot industrial building at 17812 Armstrong Ave. in Irvine. The five-year lease is valued at $1.3 million. Chuck Wilson of Colliers International represented the tenant and landlord Olive Freeman Properties Inc.
Pool and Electrical Products Inc. leased 15,024 square feet of space at 160 Liberty Ave. in Anaheim. Terms weren’t disclosed. The tenant is a wholesale distributor that provides products for pool construction, renovation and maintenance. Karl Heim of Cresa Partners represented the tenant. Jeff Levine represented the landlord Levine Properties.
