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Tuesday, Dec 10, 2024
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Real Estate Deals

Sale

Metro West Properties Inc. sold a 50-unit multifamily building in Stanton to The Mannil Group for $12.5 million, or $249,000 per unit.

The 44,216-square-foot property is at 8101 Plaza Way.

The property was fully leased at the time of sale, and 49 out of the 50 units were fully renovated, according to CoStar Group Inc.

Peter Gillin of Morgan-Skenderian Investment Real Estate Group represented the buyer and seller.

Sale

1620 Sunflower Ave., Bldg. B,

Costa Mesa

Price: $8.4 million

Building: light manufacturing

Square feet: 37,455

Price per square foot: $225

Buyer: undisclosed

Seller: Covidien

Broker(s): Jeff Manley, Taylor Wood of Savills Studley

Sale

1510 S. Lewis St., Anaheim

Price: $1.9 million

Building: warehouse

Square feet: 8,918

Price per square foot: $216

Buyer: Rex L. Hodges Inc.

Seller: Michael and Sharon Tafoya

Broker(s): Garrett Massaro, Pat Delaney, Frank Mejia of Lee & Associates Commercial Real Estate Services

Sale

5440 Trabuco Road, Bldg. H, Irvine

Price: $4.4 million

Building: office

Square feet: 12,000

Price per square foot: $370

Buyer: Doyle, Schafer, McMahon LLP

Seller: undisclosed

Broker(s): Sam Olmstead, Carter Harrington of Voit Real Estate Services

Sale

1332 Bell Ave., Tustin

Price: $710,200

Building: industrial

Square feet: 2,628

Price per square foot: $270

Buyer: R.W. Sandberg Family

Seller: undisclosed

Broker(s): David Tabata, Scott Seal of Lee & Associates

Lease

2140 & 2200 S. Ritchey St., Santa Ana

Square feet: 26,200

Building: warehouse/retail

Terms: five years; cost undisclosed

Tenant: Habitat for Humanity

Landlord: AGA Partners

Broker(s): Dennis and Jordan DeMeis of Southwest Commercial

Sale

523 E. Pine St., Santa Ana

Price: $1.8 million

Building: apartments

Units: 10

Price per unit: $180,000

Buyer: Spindler Family Trust

Seller: Wilshire Unlimited LLC

Broker(s): Daniel Blackwell of CBRE Group Inc.; Michael Koukladas of KRPM Investment Group Inc.

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