SALE
The 13-building Grove Park Apartments in Garden Grove were sold for $14.3 million. The 104 apartments sold for $137,500 each. Irvine-based Jamboree Housing Corp., which develops and manages affordable housing, bought the apartments from Bell Diversified Development Inc. Five of the buildings are on Keel Avenue with the rest on Morningside Avenue in the Buena Clinton neighborhood. Jamboree Housing plans to spend $24 million to renovate the apartments as part of the city’s efforts to improve the area. The apartments are set to rent to families who earn 30% to 60% of the area’s median income. The complex includes 72 one-bedroom, one-bath apartments, 16 two-bedroom, one-bath models and 16 three-bedroom, two-bath units. John Nguyen of Marcus & Millichap Real Estate Investment Services represented both parties.
SALE
3340 W. Orange Ave., Anaheim
Price: $4.3 million
Building: apartments
Units: 29
Price per unit: $147,414
Buyer: Bradley Caldwell
Seller: Neal Shindel
Brokers: Greg Bassirpou, Nicholas Petrosian
of Marcus & Millichap Real Estate Investment Services
SALE
27412 Aliso Viejo Parkway, Aliso Viejo
Price: $2.5 million
Building: industrial
Square feet: 14,912
Price per square foot: $168
Buyer: Miscione Family Trust
Seller: Ossur Americas Inc.
Brokers: Jeff Carr of CB Richard Ellis Group Inc.; Trent Walker, Mike Hefner of Voit Real Estate Services
SALE
2619 Oak St., Santa Ana
Price: $1.8 million
Building: industrial
Square feet: 16,410
Price per square foot: $110
Buyer: JPC Property Investment LLC
Seller: Carl Cyrus Alford Jr. Trust
Brokers: Dan Berkenfield, Greg Velastegui of Voit Real Estate Services
SALE
745 N. Brea Blvd., Brea
Price: $1.6 million
Building: office
Square feet: 3,100
Price per square foot: $500
Buyer: Victor and Carmen Camones
Seller: Brea Mesa International Group
Brokers: John Son of Lee & Associates
LEASE
1960 N. Glassell St., Orange
Space: 17,864 square feet
Building: industrial
Terms: five years
Tenant: Arbo Box Inc.
Landlord: Bose Family Trust
Brokers: Jeff Gahagan, Larry Lawrence of Lee & Associates; Brad Christian of Colliers International
LEASE
3002 Dow Ave., Tustin
Space: 4,848 square feet
Building: industrial
Terms: 3.25 years
Tenant: Resolution Biomedical Inc.
Landlord: Layton Belling Associates
Brokers: Dave Willis of Cresa Partners LLC; Travis Haining of Voit Real Estate Services
