Sales and leases of offices, industrial buildings, retail space and apartments
SALE
MPNT LLC recently sold a retail building in Tustin for $2.5 million to a family trust.
The 4,314-square-foot building is at 450 E. First St.
The property is 100% occupied by Jalapeno’s Mexican Food, according to data service provider CoStar Group Inc.
The brokers involved in the deal included Jerry Hsu of eFortune Realty Inc., as well Frank Vora of Progressive Real Estate Partners.
Hsu represented the seller, while Vora represented the buyer.
SALE
9140 Irvine Center Drive, Irvine
Price: $3.2 million
Building: office
Square feet: 9,920
Price per square foot: $320
Buyer: John Burns Real
Estate Consulting
Seller: Winten Investments LLC
Broker(s): Tibor Kelemen of
Wind Water Realty Advisers
LEASE
9060 Irvine Center Drive, Irvine
Space: 10,000 square feet
Building: office
Terms: seven years; cost undisclosed
Tenant: Powerstone Property Management Inc.
Landlord: undisclosed
Broker(s): Tibor Kelemen of Wind Water Realty Advisers
LEASE
1225 E. Wakeham Ave., Santa Ana
Space: 14,720 square feet
Building: office
Terms: five years; cost undisclosed
Tenant: Birchwood Lighting Inc.
Landlord: Grand Properties Real Estate & Management
Broker(s): Greg Diab, Jack Haley, John Suggs of Lee & Associates Commercial Real Estate Services
LEASE
1100 S. Linwood Ave., Santa Ana
Space: 33,277 square feet
Building: industrial
Terms: 26 months; cost undisclosed
Tenant: Pinnacle Exhibits
Landlord: Kornland Building
Broker(s): Greg Diab, Jack Haley, Scott Smith of Lee & Associates
SALE
16072 Malaga Lane, Huntington Beach
Price: $1 million
Building: apartments
Units: four
Price per unit: $255,000
Buyer: Green Byrd LLC
Seller: Concepcion Valenzuela
Broker(s): Chris Hernandez of Vanguard Investment Properties; Mike Thornton of First Team Real Estate
SALE
324 E. Victoria St., Costa Mesa
Price: $4.4 million
Building: apartments
Units: 18
Price per unit: $242,222
Buyer: undisclosed
Seller: undisclosed
Broker(s): Damien Breaux, Grant Hahn of Morgan-Skenderian Investment Real Estate Group
