Sale
A multitenant industrial park in Santa Ana was sold for about $6 million, or $135 per square foot.
The 45,601-square-foot park is at 231 E. Dyer Road and 2701-2717 S. Orange Ave.
The park consists of four buildings with a total of 49 units that range from 640 to 2,160 square feet, and was 97% occupied at the time of the sale, according to Marcus & Millichap.
Brokers involved in the deal included Michael Lawrence and Tyler Leeson of Marcus & Millichap.
The buyer and seller were undisclosed.
Sale
16214 Pacific Coast Highway,
Huntington Beach
Price: $1.8 million
Building: retail
Square feet: 4,400
Price per square foot: $398
Buyer: Tilly’s Marine Inc.
Seller: Odis Bozarth Trust
Broker(s): Kevin Quick, Patrick Lacey of Lee & Associates Commercial Real Estate Services
Sale
2990 Grace Lane, Costa Mesa
Price: $3.2 million
Building: industrial
Square feet: 15,000
Price per square foot: $213
Buyer: 1110 Anaheim LLC
Seller: 2990 Grace Lane Associates
Broker(s): Cameron Jones of Ashwill Associates; Matt Christensen of JLL
Lease
60 Bunsen, Irvine
Square feet: 3,911
Building: office
Terms: 50 months; cost undisclosed
Tenant: Fontis Solutions Inc.
Landlord: SourceAbility North America LLC
Broker(s): Don Yahn, Brett Swartzbaugh of Cushman & Wakefield; Keith Black of CBRE Group Inc.
Sale
1342 Bell Ave., Ste. 3N, Tustin
Price: $550,000
Building: industrial condominium
Square feet: 2,472
Price per square foot: $222
Buyer: Lachev LLC
Seller: Alan Plotkin, Linda Stearns-Plotkin
Broker(s): Zac Fielder, Troy Wooton of BroadStreet Real Estate Group
Sale
2711 E. Coast Highway, Corona del Mar
Price: $8.5 million
Building: office/retail
Square feet: 11,640
Price per square foot: $730
Buyer: undisclosed
Seller: Masters Properties
Broker(s): Ian Brown of Newmark Grubb Knight Frank; Greg Endsley, Paul Root of Madison Street Partners
Lease
647 Camino de los Mares, San Clemente
Square feet: 958
Building: retail
Terms: five years; cost undisclosed
Tenant: undisclosed
Landlord: undisclosed
Broker(s): Robert Kehiayan, Josiah Lawhorn, Lonnie “JR” Richardson of Investment R/E Source; Daniel Hong of Team Spirit Realty & Investments
