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Sunday, Sep 15, 2024
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Real Estate Deals

Sale

Palm Gardens Apartment Homes, a 92-unit multifamily community in Tustin, was sold for $27.5 million, or about $299,000 per unit.

The 23-building, single-story property is at 1132-1220 Bryan Ave.

It was built in 1963 and includes a mix of one-bedroom/one-bath and two-bedroom/one-bath units, according to Marcus & Millichap.

Tyler Leeson and Alex Mobin of Marcus & Millichap represented the seller, and Steve Bogoyevac from the same firm represented the buyer.

The seller and buyer were undisclosed.

Sale

1921 E. Alton Ave., Santa Ana

Price: $18.5 million

Building: office

Square feet: 67,846

Price per square foot: $273

Buyer: undisclosed

Seller: Kelemen Caamaño Investments

Broker(s): Rob Rader of Wind Water Realty Inc.; Scott Read of Newmark Grubb Knight Frank; Kim Josephson of Real Tech

Sale

16161 Scientific Way, Irvine

Price: $1.4 million

Building: industrial

Square feet: 4,215

Price per square foot: $330

Buyer: undisclosed

Seller: undisclosed

Broker(s): John Manion of NAI Capital

Sale

14011 Beach Blvd., Westminster

Price: $6.5 million

Building: retail bank

Square feet: 14,774

Price per square foot: $440

Buyer: Cambra Realty

Seller: Robert M. Jonas

Broker(s): Patrick Kent, Corey Olson of Hanley Investment Group

Sale

2900 Bristol St., Bldg. G, Costa Mesa

Price: $3.8 million

Building: office

Square feet: 19,045

Price per square foot: $197

Buyer: Ali and Rehana Alibulla

Seller: Betty T. Chu

Broker(s): Chuck Wilson, Patrick Swanson of Colliers International

Lease

2030 Main St., Irvine

Square feet: 6,282

Building: office

Terms: length undisclosed; $1.2 million

Tenant: Fenton, Grant, Mayfield, Kaneda & Litt LLP

Landlord: undisclosed

Broker(s): Marshal Vogt of Lee & Associates Commercial Real Estate Services

Lease

22622 Lambert St., Ste. 309, Lake Forest

Square feet: 2,352

Building: industrial

Terms: length undisclosed; $100,000

Tenant: Watex

Landlord: PS Business Park

Broker(s): Austin Hillemann of NAI Capital

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