SALES
A group of Los Angeles investors paid $16.5 million for the Harborscape Apartments in Huntington Beach. The 88-apartment, 73,972-square-foot complex is at 5152 Heil Ave. in the Bolsa Chica-Heil section of the city. The complex was built in 1970 on a 169,994-square-foot lot. The complex includes single- and two-story apartments and cottages. The apartments sold for $187,500 each, or $223 per square foot. The capitalization rate—or projected return from rents—was 5.4%. John Nguyen and Sheil Stampwala of Marcus & Millichap Real Estate Investment Services Inc. represented the undisclosed seller, believed to be Capital Foresight LP of Beverly Hills.
SALES
17891 Cartwright Road, Irvine
Price: $4.5 million
Building: manufacturing
Square feet: 29,058
Price per square foot: $155
Buyer: Kai and Daphne Lang, Dan Yu Liang
Seller: Force-Cartwright LLC
Brokers: John Collins of Lee & Associates; John Griffin and Max Wang of Voit Real Estate Services
SALES
9602 to 9612 Ball Road, Anaheim
Price: $2.4 million
Building: medical office
Square feet: 11,391
Price per square foot: $208
Buyer: AMCAL Avenida Fund LP
Seller: Rodas-Folsom Ball Road LLC
Brokers: Cathy Scullin and Yair Haimoff of NAI Capital Inc.
LEASE
1000 E. Valencia Drive, Fullerton
Space: 57,424 square feet
Building: industrial
Terms: undisclosed
Tenant: Cor-O-Van Moving & Storage Co.
Landlord: Fullerton Valencia Drive LLC
Brokers: Mitchell Zehner of Voit Real Estate Services; Jeff Read and Greg Osborne of Grubb & Ellis Co.
SALES
300 S. Brea Blvd., Brea
Price: $1.7 million
Building: retail
Square feet: 4,914
Price per square foot: $336
Buyer: undisclosed
Seller: undisclosed
Brokers: Brenton Baskin and Paul Bitonti of Marcus & Millichap Real Estate Investment Services
LEASE
15412 Goldenwest St., Westminster
Space: 9,350 square feet
Building: retail
Terms: seven years
Tenant: Dollar Tree Inc.
Landlord: Wild West Westminster
Brokers: Scott Burns of Wilson Commercial Real Estate; Paul Bartlett of Studley Retail Services; Tipton Wright of Marketing Brokers
LEASE
2530 S. Bristol St., Santa Ana
Space: 5,700 square feet
Building: restaurant
Terms: 20 years, $1.4 million
Tenant: Denny’s Corp.
Landlord: Remarc Management
Brokers: Irwin Hyman and Jesse Paster of NAI Capital Inc.; Remarc Management
