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Tuesday, Apr 23, 2024

Real Estate Deals


Makoil Inc. sold an office building in Lake Forest to Habor Associates LLC for $5.5 million, or about $153 per square foot.

The 36,675-square-foot building is at 25371 Commercentre Drive.

The new owner plans several renovations at the property, including a new two-story lobby and creative suites ranging from 4,000 to 18,000 square feet, according to data service provider CoStar.

CBRE Group Inc.’s Brian Cole and Jeff Carr represented the seller and buyer.


321 N. Clara St., Santa Ana

Price: $1.1 million

Building: manufacturing

Square feet: 6,563

Price per square foot: $159.99

Buyer: Blueridge Enterprises Inc.

Seller: Gillett Commercial

Broker(s): Robert Leiter of Lee &

Associates; Bucky Gillett, Kirstin Emershaw, Andrea Mazzon of Gillett Commercial


1464 N. Hundley St., Anaheim

Price: $1.1 million

Building: industrial

Square feet: 6,021

Price per square foot: $176.05

Buyer: undisclosed

Seller: undisclosed

Broker(s): Paul Fisher of NAI Capital


31706 S. Coast Highway, Laguna Beach

Price: $2.8 million

Building: office

Square feet: 6,829

Price per square foot: $416.61

Buyer: ROC Properties LLC

Seller: Steven Lewis

Broker(s): Ryan Harman of Lee & Associates


9211 Research Drive, Irvine

Price: $675,000

Building: office

Square feet: 2,525

Price per square foot: $267.33

Buyer: DIF

Seller: KPM Spectrum

Broker(s): John Manion, Dan Mudge of NAI Capital


8659 Research Drive, Irvine

Price: $6.4 million

Building: retail

Square feet: 20,171

Price per square foot: $314.81

Buyer: Alderson Family Trust

Seller: Chunduri V. Chelapati

Broker(s): Jeff Cannon, Andrew Morrow of Savills Studley; Don Yahn, Brett Swartzbaugh of Cushman & Wakefield


2428 N. Grand Ave., Ste. A, Santa Ana

Space: 2,800 square feet

Building: office

Terms: five years; cost undisclosed

Tenant: Special Olympics Southern


Landlord: Grovemont Square

Broker(s): Lee Trigonis of NAI Capital

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