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REAL ESTATE DEALS – May 28, 2012

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


SALE

Marie Amako recently sold a Newport Beach office building to DMP Properties for $7.2 million.

The 19,809-square-foot space is a class B building at 250 Newport Center Drive.

The investment property was fully leased at the time of sale, according to the CoStar Group Inc. data service.

The broker involved in the deal was Karen Sunday of Karen Sunday & Associates.


SALE

16461 Scientific Way, Irvine

Price: $992,000

Building: office

Square feet: 4,950

Price per square foot: $200.40

Buyer: Zirkonzahn USA Inc.

Seller: Bacchus Development Co.

Brokers: Torry Lozano of Bacchus Development Co.


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 Dennis-ton of Daum Commercial Real Estate Services


SALE

10871 Capital Ave., Garden Grove

Price: $1.2 million

Building: industrial

Square feet: 9,061

Price per square foot: $137

Buyer: Ly Brothers LLC

Seller: The Robert Allen Schindler and Janet Schindler Trust

Brokers: Darin McDonald, Ted Sawyer of Lee & Associates; Mike Bouma of Voit Real Estate Services


SALE

1800 W. Glencrest Ave., Anaheim

Price: $1.8 million

Building: apartments

Units: 18

Price per unit: $100,000

Buyer: 1800 West Glencrest LLC

Seller: Josephine Bond

Brokers: Mary Kasenberg of Coldwell Banker


SALE

2002 and 2010 Ponderosa St.,

Santa Ana

Price: $14.4 million

Building: apartments

Units: 84

Price per unit: $171,428

Buyer: undisclosed

Seller: Peak 1031 Exchange Inc.

Brokers: Peter Hauser, Robin Ossen-beck, Steven Brombal of Hendricks & Partners


LEASE

18302 Irvine Blvd., Tustin

Space: 1,693 square feet

Building: office

Terms: undisclosed

Tenant: Provident Funding Associates

Landlord: Tustin Investment Properties and Yorba Vista Tustin Investments

Brokers: Andy Batcheller of NAI Capital Commercial Real Estate Services

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