THOUSAND OAKS, CALIF. – The Village Trader Market and Deli will open at The Village at Dos Vientos Ranch, a retail and office complex in Thousand Oaks, on Aug. 9. The 6,400 square-foot retailer will be the first grocery store in the Dos Vientos Ranch master-planned community. The complex is owned by Paradise Capital Group.
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LAS VEGAS — M&L Self Storage, a 91,760-square-foot self-storage facility in Las Vegas, has sold to a REIT for $2.1 million. The facility was built in 1986 at 1675 North Lamb Blvd. It is currently 46 percent occupied. Cameron Glinton of Marcus & Millichap’s Las Vegas office represented both the buyer and the seller, a developer, in this transaction.
DENVER — A 17-unit apartment complex located at 15 Washington Street near Denver’s Washington Park neighborhood has sold to 15 Washington, LLC for $1.47 million. The complex was built in 1967. The buyer was represented by Jeff Johnson, Matt Ritter and Jim Knowlton of Pinnacle Real Estate Advisors. The seller represented itself in this transaction.
VICTORVILLE, CALIF. — Pacific Aviation Group, LLC and Fastenal Company have signed new leases at the Southern California Logistics Centre (SCLC) in Victorville. SCLC is a 2,500-acre industrial and commercial complex that is currently undergoing an expansion. Pacific Aviation signed a 64-month renewal that will allow the company to expand into a 58,732-square-foot facility. Fastenal Company signed a 36-month renewal for its 6,322-square-foot facility. The lease renewals were executed by Anita Tuckerman of Stirling Capital Investments.
HOLLYWOOD, CALIF. -— A 24,000-square-foot office building in Hollywood has sold to JMS Ventures for $8.1 million. The property is located at 6735 Selma Ave. It is currently fully occupied by Panavision Hollywood, which has leased the property through 2016 with an option to extend. Ian Strano of NAI Capital’s West Los Angeles office represented JMS. The seller was Highland Selma Ventures.
OAKLAND, CALIF. — An O’Reilly Auto Parts property in Oakland has sold to a private investor from San Jose for $2.25 million. The 8,000-square-foot, single-tenant space is located at 3232 Foothill Blvd. Jeremy S. McChesney of Hanley Investment Group Real Estate Advisors represented the seller, Equitas Oakland, in this transaction.
LOS ANGELES -— A 13-unit apartment complex located at 6125 Horner Street in Los Angeles has sold to a limited liability company for $1.84 million. The 10,215-square-foot community was built in 1959. Thomas Jonsson of Marcus & Millichap’s West Los Angeles office represented both the buyer and the seller, a private investor, in this transaction.
LAKE FOREST, CALIF. — A 71,656-square-foot industrial/research & development building in Lake Forest has received $6.2 million in permanent financing. The building was constructed in 1999 and is fully leased to Panasonic Avionics Corporation, a subsidiary of Panasonic Corporation of North America. Financing was arranged by Kevin Burkhalter of Johnson Capital’s Los Angeles office. It was provided by a major insurance company and features a fixed interest rate of around 4 percent with a fully amortizing 20-year term. The recent buyer is a Los Angeles-based privately held entity.
ANAHEIM, CALIF. – The 82,544-square-foot La Palma Industrial Building has received $5.8 million in acquisition financing. The facility is located at 4890 E. La Palma Ave. in Anaheim. This asset is a single-tenant owner-user building. The 10-year loan features a 25-year amortization schedule and an 80 percent loan-to-value. It was arranged by David Blum of NorthMarq Capital’s Los Angeles regional office.
CORVALLIS, ORE. – The 132-unit Witham Village Apartments in Corvallis has received a $5.7-million refinance. The 10-year, fixed-rate loan features a 4.24 percent interest rate and a 30-year amortization schedule. It was arranged by Dan Ross of Alliant Capital LLC.