OAKLAND, CALIF. – A 48-unit apartment building that is located at 200-220 East 15th Street in Oakland has sold to Cohen Rojas Capital Partners for $5.1 million. The four-building community was built in 1955. It recently underwent renovations to make the property more eco-friendly. Cohen was represented by David Wolfe and Eli Davidson of Marcus & Millichap’s Oakland office. The seller was not named.
Western
AUBURN, COLO. — Auburn Shopping Center, a 39,829-square-foot retail property, has sold to a limited liability company for an undisclosed amount. The center is located at 1801 Howard Road in Auburn. It is anchored by Jo-Ann Fabric and El Mercado Latino Grocery. The buyer was represented by Dino A. Christophilis of Marcus & Millichap’s Seattle office.The seller was also represented by Christophilis, along with Larry Corkins of the same office.
WAIMEA, HAWAII — KZ DevCo, LP has completed construction on a 23,008-square-foot Long’s Drugs in Waimea on behalf of CVS/pharmacy. The $10.3-million store was built on two land parcels totaling 2.27 acres. They are located at 65-1271 Kawaihae Road. The full-service pharmacy will replace a smaller, 1,424-square-foot Long’s Drugs that is located in an adjacent center. The store is expected to serve nearly 15,000 residents in the north Kohala upcountry coast of the Big Island. This is the ninth Long’s Drugs that KZ DevCo has completed in Hawaii in the past six years.
HEMET, CALIF. — Diamond Valley Plaza, a 58,034-square-foot shopping center in Hemet, has sold to Time Equities Inc. (TEI) for $5.8 million. The center is located on Diamond Valley Road. It is 94 percent leased to tenants like Crunch Fitness and Big Cheese Pizza. It is shadow anchored by Sprouts Farmers Market. This is TEI’s fourth shopping center purchase this year.
OAKLAND, CALIF. – A 48-unit apartment building that is located at 200-220 East 15th Street in Oakland has sold to Cohen Rojas Capital Partners for $5.1 million. The four-building community was built in 1955. It recently underwent renovations to make the property more eco-friendly. Cohen was represented by David Wolfe and Eli Davidson of Marcus & Millichap’s Oakland office. The seller was not named.
AUBURN, COLO. — Auburn Shopping Center, a 39,829-square-foot retail property, has sold to a limited liability company for an undisclosed amount. The center is located at 1801 Howard Road in Auburn. It is anchored by Jo-Ann Fabric and El Mercado Latino Grocery. The buyer was represented by Dino A. Christophilis of Marcus & Millichap’s Seattle office. The seller was also represented by Christophilis, along with Larry Corkins of the same office.
LONG BEACH, CALIF. – The 200-unit Long Beach Senior Arts Colony, which was built for seniors aged 55 and older, has debuted. The $70-million, transit-oriented development is located at200 E. Anaheim Street. It is situated along Long Beach’s light rail line. The project was developed by Meta Housing Corporationand Century Housing Corporation.
COMMERCE, CALIF. — A 202,838-square-foot industrial building in Commerce has sold to the Ryzman Family Trust for $17 million. It is located at 1935-1965 Tubeway Ave. The facility was built in 1965 and remodeled in 1994. Ryzman was represented by Jack Cline and Jeff Bethel of Lee & Associates’ Los Angeles – Central office. The seller, Ronald S. Bauer, trustee of the Ronald S. Bauer Living Trust, was represented by Michael Tsaparian of the same office.
PHOENIX – The 275-unit Vista Ventana in Phoenix has sold to BH Properties LLC for $10.2 million. The community is located at 3221 W. El Camino Drive. The property recently underwent a series of improvements. Its occupancy is currently at 90 percent. Karl Abert and Brad Pickering of Newmark Grubb Knight Frank represented both the buyer and the seller, El Camino Vista, LLC, in this transaction.
LONG BEACH, CALIF. – The 200-unit Long Beach Senior Arts Colony, which was built for seniors aged 55 and older, has debuted. The $70-million, transit-oriented development is located at 200 E. Anaheim Street. It is situated along Long Beach’s light rail line. The project was developed by Meta Housing Corporation and Century Housing Corporation.