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Real Estate Deal

JRMV Investments Inc. sold an industrial building in Santa Ana to Electrolurgy Manufacturing Inc. for $4 million, or about $172.27 per square foot.

The 23,220-square-foot freestanding building is at 1217 Normandy Place.

In addition to industrial space, the property features 1,608 square feet of office space and a 1.5-acre fenced yard, according to Voit Real Estate Services Inc.

Brokers involved in the deal included Chris Coyte of Lee & Associates Commercial Real Estate Services and Greg Velastegui of Voit Real Estate Services.

Coyte represented the seller, and Velastegui represented the buyer.

14480 Hoover St., Westminster

Price: $2.1 million

Building: industrial

Square feet: 11,188

Price per square foot: $185

Buyer: Dirtpad LLC

Seller: Lavang Technologies Inc.

Broker(s): Dan Berkenfield of CBRE Group Inc.; Brian Williams, Mike Bouma of Voit Real Estate Services

26902 Vista Terrace, Bldg. C, Lake Forest

Price: $2.6 million

Building: research and development

Square feet: 10,268

Price per square foot: $252.73

Buyer: Gregg Haskell

Seller: Herbert Cameron

Broker(s): Pat Lacey of Lee & Associates; Andrew Morrow, Joseph Jones of Savills Studley

2700 W. Coast Highway, Newport Beach

Space: 4,000 square feet

Building: retail

Terms: 10 years; cost undisclosed

Tenant: Kenneth Brown Salons

Landlord: undisclosed

Broker(s): Rick Turner of Daum Commercial Real Estate Services; Ned McCune of Mariners Mile Co.

2700 W. Coast Highway, Newport Beach

Space: 4,000 square feet

Building: retail

Terms: 10 years; cost undisclosed

Tenant: Kenneth Brown Salons

Landlord: undisclosed

Broker(s): Rick Turner of Daum Commercial Real Estate Services; Ned McCune of Mariners Mile Co.

4740 Von Karman Ave., Newport Beach

Price: $4.4 million

Building: office

Square feet: 14,470

Price per square foot: $305.43

Buyer: Barry Saywitz

Seller: Hoonie Kang

Broker(s): undisclosed

7 Upper Newport Plaza Drive, Newport Beach

Space: 5,625 square feet

Building: creative office

Terms: 5 years; $911,000

Tenant: Mapperarti USA LLC

Landlord: Upper Newport Partners LLC

Broker(s): Travis Forster of Wind Water Realty Inc.; Chris Deason, Carter Harrington of Voit Real Estate Services

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