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REAL ESTATE DEALS – August 13, 2012

Sales and leases of offices, industrial buildings, retail space and apartments


LEASE

Lewiston, Maine-based Geiger Bros. recently signed a lease in Tustin Financial Plaza at 17822 E. 17th St. in Tustin.

The 5,644-square-foot office space is in a class B building.

The Tustin office is a strategic location for Geiger Bros., according to real estate brokerage Stream Realty Partners LP. Terms of the lease were undisclosed.

Brokers involved in the deal included Stream Realty’s Blaine Annett and Mike Adams, as well as Tim Stowell and John Tablack of Cresa.

Stowell and Tablack represented the tenant while Annett and Adams represented the landlord, Greenlaw Partners LLC.


LEASE

2975 Airway Ave., Costa Mesa

Space: 22,500 square feet

Building: industrial

Terms: 65 months; undisclosed

Tenant: Ferrari and Maserati of Newport Beach

Landlord: Marc Butler

Brokers: Ross Bourne of CBRE Group Inc.; Mike Hartel of Voit Real Estate Services Inc.


SALE

1047 S. Placentia Ave., Fullerton

Price: $900,000

Building: industrial

Square feet: 8,236

Price per square foot: $109.28

Buyer: JDM Investment

Seller: Mahmood Resai Trust

Brokers: Scott Seal, Luke Hudson of Lee & Associates Commercial Real Estate Services Inc.; Oliver Yang of Re/max Realty 100


SALE

30322 Esperanza, Rancho Santa Margarita

Price: $17 million

Building: manufacturing

Square feet: 126,336

Price per square feet: $134.56

Buyer: Applied Medical Resources

Seller: Nordcap Properties Inc.

Brokers: Don Yahn, Brett Swartz-baugh of Cushman & Wakefield Inc.; Craig Fitterer, Mark Jerue of Lee & Associates


LEASE

2710 S. Shannon St., Santa Ana

Space: 7,828 square feet

Building: industrial

Terms: three years; undisclosed

Tenant: NK Clothing

Landlord: Richard Wenzel Trust

Brokers: Charles Hardy, Jim Snyder of Lee & Associates; Dan Powers of CBRE Group


SALE

1106 W. West Ave., Fullerton

Price: $1.35 million

Building: apartments

Units: 11

Price per unit: $122,727

Buyer: Michael Chu

Seller: Hany Henein

Brokers: James Hou of Hou Realty; Betty Elkins-Rice of Realty One Group


SALE

12452-12472 Valley View St., Garden Grove

Price: $3.7 million

Building: retail

Square feet: 6,275

Price per square foot: $589.64

Buyer: Nukunthorn Darakananda

Seller: Guilherme Nascimento

Brokers: Gloria Chuang of Tendwell Realty; Joseph Lising, Ron Duong of Marcus & Millichap Real Estate Investment Services

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