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REAL ESTATE DEALS – March 25, 2013

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


SALE

Princeland Properties Inc. in Mission Viejo recently sold an office building at the Centrepointe office complex in the city for $1.38 million to Irvine-based consulting and service firm Trevera Inc.

The 7,890-square-foot property is at 26039 Acero.

Brokers involved in the deal included Zuvich Corporate Advisors Inc.’s Eric Tse, as well as Pat Lacey of Lee & Associates Commercial Real Estate Services Inc.

Lacey represented the seller, while Tse represented the buyer.


LEASE

5171 California Ave., Ste. 120,

Irvine

Space: 13,489 square feet

Building: office

Terms: five years; $1.2 million

Tenant: Richmond American Homes

Landlord: Irvine Company

Broker(s): Jeff Tabor, Dave Coe of Corporate Realty Advisors; Jeff Shaw of Irvine Co.


SALE

1211 N. Batavia St., Orange

Price: $1.54 million

Building: industrial

Square feet: 10,250

Price per square foot: $150.24

Buyer: PCT Properties

Seller: Auto Orange II

Broker(s): David Williams, Jeff Gahagan of Lee & Associates


LEASE

3300 Irvine Ave., Newport Beach

Space: 2,132 square feet

Building: office

Terms: length undisclosed; $150,000

Tenant: undisclosed

Landlord: Arden Realty Inc.

Broker(s): Bob Davis of NAI Capital


SALE

8031 Chapman Ave., Stanton

Price: $2.7 million

Building: apartments

Units: 22

Price per unit: $122,727

Buyer: Keith and Evelyn Van

Seller: Ronald and Setsuko Nakamura

Broker(s): James Vu of Ana Real Estate; Steve Gamez of PRS Properties


LEASE

2900 Bristol St., Costa Mesa

Space: 7,836 square feet

Building: office

Terms: length undisclosed; $575,000

Tenant: DDS

Landlord: Blurock LLC

Broker(s): Brian Childs of NAI Capital


LEASE

260 N. Sunshine Way, Anaheim

Space: 11,737 square feet

Building: industrial

Terms: 38 months; cost undisclosed

Tenant: Dan’s Machine Tools Inc.

Landlord: James and Krista Hundley

Broker(s): Johnny Eubanks, Christopher Destino, Tom Oliver of Lee & Associates

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