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REAL ESTATE DEALS – October 7, 2013

SALE

Orange-Caster Investor Group LLC recently sold an apartment building, Villa Del Oro Apartments, to Enlighten Investments LLC for about $5.6 million in Santa Ana.

The 40,752-square-foot building is at 412 N. Baker St.

The property is comprised of 38 two-bedroom units, which were 100% occupied at the time of sale, according to data services provider CoStar Group Inc.

The broker involved in the deal was Kiet Do of Kotai Realty Inc. in San Gabriel.

Do represented the seller and the buyer.

SALE

1513 E. McFadden Ave., Santa Ana

Price: $1.4 million

Building: industrial

Square feet: 10,000

Price per square foot: $135

Buyer: Wael Ibrahim

Seller: OMP Las Palmas LLC

Broker(s): Kirstin Emershaw, Bucky Gillett of Gillett Commercial Real Estate Services

SALE

129 Cabrillo Ave., Costa Mesa

Price: $2.2 million

Building: apartments

Square feet: 9,164

Price per square foot: $236.25

Buyer: ODAAT Holdings LLC

Seller: Lincoln S. Lee and Grace Park

Broker(s): Kevin Quick, Darin McDonald of Lee & Associates Commercial Real Estate Services Inc.

SALE

15312 Connector Lane, Huntington Beach

Price: $2.3 million

Building: manufacturing

Square feet: 20,440

Price per square foot: $113

Buyer: Herair and Kohar Jermakian

Seller: Performance Motorsports Inc.

Broker(s): Kirk Cole of Newmark Grubb Knight Frank; Curt Stalder of Lee & Associates

SALE

421 N. Rose St., Anaheim

Price: $1.1 million

Building: apartments

Units: eight

Price per unit: $132,500

Buyer: undisclosed

Seller: undisclosed

Broker(s): Sheil Stampwala of Marcus & Millichap Real Estate Investment Services


SALE

11900 Brookhurst St., Garden Grove

Price: $4 million

Building: apartments

Square feet: 5,236

Price per square foot: $754.39

Buyer: Union Bank of California

Seller: undisclosed

Broker(s): Peter Deltondo, Tram Church of Marcus & Millichap


SALE

84 Discovery, Irvine

Price: $1.3 million

Building: office

Square feet: 3,968

Price per square foot: $313.76

Buyer: La Casa Resorts

Seller: David Smithson

Broker(s): Ryan Harman, Justin Smith of Lee & Associates

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