Sales and leases of offices, industrial buildings, retail space and apartments
SALE
A private REIT recently sold a research-and-development and manufacturing building in Garden Grove to KIFLP Partnership for nearly $12 million.
The 82,602-square-foot building is at 7421 Orangewood Ave.
It is occupied by Garden Grove-based engineering and construction firm Southland Industries, which will continue to lease it, according to real estate brokerage Voit Real Estate Services Inc.
Brokers involved in the deal included Voit’s Mike Bouma and Mike Hartel, who represented the buyer and seller.
SALE
1300 Quail St., Newport Beach
Price: undisclosed
Building: office
Square feet: 30,027
Price per square foot: N/A
Buyer: Turner Real Estate Fund II LP
Seller: Mahoney & Grau Properties
Broker(s): Brian Garbutt, Allen Basso, Sean Ahern of Lee & Associates Commercial Real Estate Services
SALE
5305 Production Drive, Huntington Beach
Price: $1.5 million
Building: industrial
Square feet: 11,076
Price per square foot: $138
Buyer: Young Family Trust
Seller: Connelly Family Trust
Broker(s): Gavin Denniston, Mike Barreiro of Daum Commercial Real Estate Services
SALE
2151 Orange Ave., Costa Mesa
Price: $5.2 million
Building: apartments
Units: 21
Price per unit: $247,619
Buyer: undisclosed
Seller: CT Realty Investors
Broker(s): Peter Hauser, Steven Brombal of Hendricks-Berkadia
SALE
2114-2120 S. Susan St., Santa Ana
Price: $2.3 million
Building: industrial
Square feet: 20,200
Price per square foot: $112.50
Buyer: Jangie LLC
Seller: JR Susan Street LLC
Broker(s): Chris Coyte of Lee & Associates; Scott Read of Newmark Grubb Knight Frank
LEASE
15551 Red Hill Ave., Tustin
Space: 28,999 square feet
Building: industrial
Terms: undisclosed
Tenant: Trane USA Inc.
Landlord: Sebco Inc.
Broker(s): John Collins of Lee & Associates; Rick Ellison, Blake Garrett of Cushman & Wakefield Inc.
SALE
201-207 W. Wilson Ave., Orange
Price: $2.6 million
Building: apartments
Units: 20
Price per unit: $130,000
Buyer: Tracy Thong
Seller: Gabino Delgado
Broker(s): Mike Marcu of InSite Investment Realty Inc.; Mark Bridge, Daniel Blackwell of Marcus & Millichap Real Estate Investment Services
