Sale
A private trust sold a 19,402-square-foot retail strip center in Lake Forest for $7.4 million to investor Jin Yu Inc.
The multitenant Foothill Center is at 20651-20671 Lake Forest Drive.
It sits on 2.5 acres and is anchored by a Wasabi Sushi & Cuisine, according to data service provider CoStar Group Inc.
Brokers involved in the deal were Faris Lee Investments’ Matt Mousavi, Dennis Vaccaro and Patrick Luther.
Mousavi, Vaccaro and Luther represented the seller and were the sole brokers in the sale.
Sale
7272 Chapman Ave., Garden Grove
Price: $9.6 million
Building: industrial
Square feet: 70,000
Price per square foot: $137.50
Buyer: Sukut Property Management LLC
Seller: 7272 Chapman LLC
Broker(s): Jim Snyder of Lee & Associates; Michael Kendall of CBRE Group Inc.
Sale
20531 Crescent Bay Drive, Lake Forest
Price: $6.5 million
Building: manufacturing
Square feet: 46,178
Price per square foot: $140.76
Buyer: Rexford Industrial Realty Inc.
Seller: undisclosed
Broker(s): undisclosed
Sale
3505 Cadillac Ave., Building F9,
Costa Mesa
Price: $1.4 million
Building: industrial
Square feet: 7,264
Price per square foot: $189.98
Buyer: Lance Nolder
Seller: James Publishing Inc.
Broker(s): Steve Schloemer of Colliers International; Greg Velastegui of Voit Real Estate Services Inc.
Sale
943 Sunset Drive, Costa Mesa
Price: $730,000
Building: industrial
Square feet: 9,100
Price per square foot: $80.22
Buyer: B&G Sandcastle LLC
Seller: Four Score LLC
Broker(s): Pat Lacey of Lee & Associates Commercial Real Estate Services; Greg Velastegui of Voit Real Estate
Sale
23351-23361 Madero, Mission Viejo
Price: $6.7 million
Building: office
Square feet: 37,579
Price per square foot: $176.96
Buyer: Clayton Robinson
Seller: The French Co.
Broker(s): Kathleen Bratun of Bratun Real Estate; Dan Vittone, Alan Pekarcik of Avison Young Inc.; Trent Walker of Voit Real Estate
Lease
18821 Delaware St., Huntington Beach
Space: 1,229 square feet
Building: office
Terms: three years; cost undisclosed
Tenant: Ron Tongbai
Landlord: Pacifica Medical Plaza
Broker(s): Marshal Vogt, Stacy Hall of Lee & Associates
