SALE
Newport Marina LLC recently sold an apartment complex for $14.85 million, or about $232,030 per unit. The 64-unit property—at 919 Bayside Drive in Newport Beach—was purchased by Newport Waterfront Apartments LLC.
Representing the seller and buyer was Stewart I. Weston of Institutional Property Advisors (IPA). IPA is a division of Marcus & Millichap. Known as The Newport Marina Apartments, the complex is close to the water and comprises of 14 buildings.
SALE
1425 Moonstone St., Brea
Price: $4.1 million
Building: industrial
Square feet: 45,560
Price per square foot: $89
Buyer: Harmony Properties LLC
Seller: PSIP CAM Brea LLC
Brokers: Ian Britton, John Long of Col-liers International; Tom Dorman of CB Richard Ellis; Luke Hudson of Lee & Associates
LEASE
1238 S. Magnolia Ave., Anaheim
Space: 9,150 square feet
Building: commercial
Terms: five years, $600,000
Tenant: Dollar Tree
Landlord: Carillo & Wigton Properties LLC
Brokers: Strategic Retail Advisors; Bry-an Bauer of Coreland Cos.
SALE
3505 Cadillac Ave., Costa Mesa
Price: $900,000
Building: research and development
Square feet: 7,783
Price per square foot: $116
Buyer: Kerkorp LLC
Seller: Cambridge Park Partners
Brokers: Steven Hogberg of Coreland Cos.; Joe Winkelmann of Voit Real Estate Services
SALE
1524 N. Sycamore St., Santa Ana
Price: $721,000
Building: apartments
Units: eight
Price per unit: $90,125
Buyer: private investor
Seller: individual/personal trust
Brokers: Mark Bridge, Jonathan N. Mitchell of Marcus & Millichap
LEASE
2014-2032 17th St., Santa Ana
Space: 5,994 square feet
Building: commercial
Terms: seven years; $1 million
Tenant: Deseret Book Co.
Landlord: ICI Development
Brokers: Ben Terry of Coreland Cos.; Lee & Associates
SALE
2907-2911 E. La Palma Ave., Anaheim
Price: $1.3 million
Building: industrial
Square feet: 12,000
Price per square foot: $110
Buyer: Tanlie LLC
Seller: McCalla Trust
Brokers: Mike Cargile of Voit Real Estate Services; Chris Migliori of DAUM Commercial Real Estate Services
