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REAL ESTATE DEALS – May 21, 2012

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


SALE

Boston-based Taurus Investment Holdings LLC recently sold an Irvine office and research-and-develop facility to Rosalie Rubaum for $8.3 million.

The asset was purchased in September 2008 and involved a 15-year leaseback to Evans Analytical Group LLC.

The 35,427-square-foot space is a class B building at 15 Morgan.

The partnership had purchased the Irvine property for $6.8 million and sold the property for $8.3 million.


LEASE

2552 McGaw Ave., Irvine

Space: 35,988 square feet

Building: industrial

Terms: five years; undisclosed

Tenant: Eden Outsource

Landlord: Irvine Company

Brokers: Gavin Denniston, Mike Barreiro of Daum Commercial Real Estate Services; Sue Lyle of the Irvine Co.


SALE

15101 Red Hill Ave., Tustin

Price: $9 million

Building: office

Square feet: 48,772

Price per square foot: $184.53

Buyer: Fortland Inc.

Seller: Lone Oak Industries Inc.

Brokers: Phil Cohen, Kurt Bruggeman, Brian Garbutt of Lee & Associates Commercial Real Estate Services


SALE

11264 Monarch St., Garden Grove

Price: $947,784

Building: warehouse

Square feet: 6,868

Price per square foot: $138

Buyer: Jeffrey Recker

Seller: The Term Group LLC

Brokers: Sandra Lewis of Industrial Realty; Mike Barreiro, Gavin Denniston of Daum Commercial


SALE

5285 Industrial Drive, Huntington Beach

Price: $1.3 million

Building: industrial

Square feet: 10,560

Price per square feet: $125.71

Buyer: R & E Banchiere LLC

Seller: II Diamante LLC

Brokers: Mike Barreiro, Gavin Denniston of Daum Commercial


SALE

1542-1544 E. Benmore Lane, Anaheim

Price: $1.3 million

Building: apartments

Units: eight

Price per unit: $163,625

Buyer: Chsu Family Trust

Seller: Benmore Equities LLC

Brokers: Jonathan N. Mitchell, Mark Bridge of Marcus & Millichap Real Estate Investment Services


SALE

26021 Pala, Mission Viejo

Price: $1.5 million

Building: manufacturing

Square feet: 15,237

Price per square foot: $98.77

Buyer: Hager Pacific Properties

Seller: Joanna Bock

Brokers: Mike Cargile, Kevin Bayless of Voit Real Estate Services; Isabella Pechan of Star Real Estate

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