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Real Estate Deals–Week of May 12

Sale

Bradfield Manufacturing Inc. sold an industrial building in Santa Ana to Q Creative LLC for $2.4 million.

The 24,620-square-foot property is at 800-808 E. Washington Ave.

It was vacant at the time of sale, according to data service provider CoStar Group Inc.

Brokers involved in the deal included Curtis & Associates’ Dan Curtis, Ethan Alvidrez of Property Group International, and Gil Marrero of Voit Real Estate Services Inc.

Curtis and Alvidrez represented the seller, and Marrero represented the buyer.

Lease

27442 Portola Parkway, Foothill Ranch

Space: 3,583 square feet

Building: office

Terms: five years; $393,173

Tenant: Gradelink Inc.

Landlord: CBRE Global Investors

Broker(s): Jeffrey Hakim of iCore Global; Gregg Haly of CBRE Group Inc.

Sale

241 W. Wilson St., Costa Mesa

Price: $5.1 million

Building: apartments

Units: 24

Price per unit: $214,583

Buyer: 722 Sunset Blvd. LLC

Seller: Sandra Sewell

Broker(s): Steve Gim, Stephen Heri of CBRE Group Inc.

Sale

701 E. Balboa Blvd., Newport Beach

Price: $1 million

Building: mixed-use

Square feet: 2,400

Price per square foot: $416.66

Buyer: undisclosed

Seller: undisclosed

Broker(s): Nathan Holthouser of

Marcus & Millichap

Sale

2233 N. Tustin St., Orange

Price: $3.4 million

Building: retail

Square feet: 4,899

Price per square foot: $694.02

Buyer: Tommy Wong

Seller: Matthew Park

Broker(s): Joseph Lising of Marcus & Millichap; John Son of Lee & Associates Commercial Real Estate Services

Sale

3224-3250 E. Coast Highway,

Corona del Mar

Price: $7 million

Building: retail

Square feet: 6,567

Price per square foot: $1,058.32

Buyer: private investor

Seller: individual/personal trust

Broker(s): Paul Bitonti of Marcus & Millichap Real Estate Investment Services

Sale

4350 Von Karman Ave., Newport Beach

Price: $19.9 million

Building: office

Square feet: 68,425

Price per square foot: $290.10

Buyer: COMAC America Corp.

Seller: MIG Real Estate LLC

Broker(s): Anita Jer of Garry Jer and Associates; Steve Economos, Geoffrey DeWolf, Andrew White of JLL

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