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REAL ESTATE DEALS – June 11, 2012

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


SALE

Newport Mesa Self Storage was recently sold for more than $4.5 million to Amerco Real Estate Co.

The 37,870-square-foot industrial space at 2550 Newport Blvd. in Costa Mesa was part of an auction on Auction.com, according to self storage brokerage Bancap Self Storage Group.

The broker involved in the deal was Bancap Self Storage Group’s Dean Keller.

Amerco will rename the property; its new name will be U-Haul Self Storage, according to Bancap.


SALE

405 W. 10th St., Santa Ana

Price: $1.97 million

Building: apartments

Units: 19

Price per unit: $103,632

Buyer: Mahmoud Bdaiwi

Seller: Hua Zeng

Brokers: undisclosed


SALE

10200 Beach Blvd., Stanton

Price: $1.8 million

Building: retail storefront

Square feet: 7,780

Price per square foot: $231.36

Buyer: Kim’s Piano Inc.

Seller: Chongsok Lee

Brokers: Steve Lee of California Mu-tual Realty


SALE

37 Brookline, Aliso Viejo

Price: $1.13 million

Building: warehouse

Square feet: 5,640

Price per square foot: $200.09

Buyer: Farent LLC

Seller: Chicago Title Co.

Brokers: undisclosed


LEASE

1100 Pacific Coast Highway,

Newport Beach

Space: 10,468 square feet

Building: retail

Terms: undisclosed

Tenant: Ferrari & Maserati of Orange County

Landlord: Leo Gugasian

Brokers: Jeff Gahagan of Lee & Associ-ates Commercial Real Estate Services Inc.


LEASE

6491 Edinger Ave., Huntington Beach

Space: 5,200 square feet

Building: retail

Terms: four years; undisclosed

Tenant: Dollar Loan Center

Landlord: Grandpoint Bank

Brokers: Phil Fridd of Lee & Associates; Matt Crawford of MEI Realty


SALE

9860 Research Drive, Irvine

Price: $1.25 million

Building: office

Square feet: 4,950

Price per square foot: $251.52

Buyer: Majid and Atousa Hezarkhani

Seller: Joel Copper

Brokers: Gabriela Barajas of A&A Realty; Justin Smith of Lee & Associates

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