SUNNYVALE, CALIF. — Colliers International has negotiated Presidio Investments and Rockpoint Group’s purchase of a 95,826-square-foot, single-story office/R&D building, located at 350 West Java Drive within Moffett Business Park in Sunnyvale. Terms of the deal were not disclosed. Situated on 6 acres of land, the vacant property constitutes a value-add opportunity with significant upgrades to the lobby, front entranceway, façade and landscaping on the to-do list. Colliers International’s Mike Rosendin, Craig Fordyce and Jim Beeger assisted in the transaction.
Western
SIMI VALLEY, CALIF. — NAI Capital has arranged the purchase of an 81,646-square-foot industrial property located at 61-69 W. Moreland Road in Simi Valley. Terms of the deal were not disclosed. NAI Capital’s David Young and Chad Gahr represented the buyer, Entertainment Earth Holdings LLC, in the transaction, and Scott Caswell of Delphi Business Properties represented the seller, RGH Holdings LP. The distributor of action figures and toy collectables will relocate from its two buildings, totaling approximately 30,000 square feet, in North Hollywood to the new building this summer. Prior to sitting vacant for 2 years, the industrial building, which includes approximately 15,000 square feet of office space, was occupied by Ronco, the company made popular by Ginsu Knives.
SAN CLEMENTE, CALIF. — Colliers International has presided over the $1.75 million trade of a 9,219-square-foot retail property located at 1011 – 1041 Avenida Pico in San Clemente. Built in 2005 and 50 percent occupied at the time of sale, the multi-tenant retail center is part of the 35,000-square-foot Courtyards at Talega, a community shopping center. Colliers International’s Ian Schroeder and Maurice Nieman represented both the buyer, SVN Equities, and the seller, JP Morgan Chase, in the transaction.
COSTA MESA, CALIF. — Grubb & Ellis has closed the $5.6 million sale of a 55-unit senior-housing facility located at 2619 Orange Ave. in Costa Mesa. Remodeled in 1992 and approximately 50 percent leased at the time of sale, the two-story, 112-bed building offers assisted-living and memory care. Grubb & Ellis’ Alan Ursillo, Robert Black and Sean McNee represented the sellers, Victor Charnetsky and Leticia Charnetsky, in the transaction; the buyer, Care Senior Living, represented itself.
SCOTTSDALE, ARIZ. — Cassidy Turley BRE Commercial has facilitated the $4.3 million trade of Airpark 99, located at 15525, 15575, 15551 and 15679 N. 83rd Way in Scottsdale. Private investor Kootenay Holdings (K2H Airpark LLC) purchased the four-building, multi-tenant flex industrial property from Turner Development (TOF Airpark LLC.) Cassidy Turley BRE Commercial’s Bob Buckley, Steve Lindley and Tracy Cartledge represented both parties in the transaction.
RANCHO DOMINGUEZ, CALIF. — Colliers International has completed the $3.5 million sale of a 27,052-square-foot industrial building, located at 18618 S. Ferris Place in Rancho Dominguez. Built in 2007, the property includes 26' clear height and three dock-high doors. Colliers International’s Josh May represented the private-investor seller, Ferris Place LLC, in the transaction, and Terry Reitz of Grubb & Ellis represented the Inglewood, Calif.-based buyer, ILS Inc. The importer will use the facility as its new headquarters.
YUMA, ARIZ. — Marcus & Millichap has presided over the $2.02 million trade of the 7,600-square-foot DaVita Dialysis Center, located at 7179 East 31st Place in Yuma. The single-tenant, net-leased property is situated less than one mile from the 382-acre Cielo Verde master-planned development. Marcus & Millichap’s Jamie Medress, Mark Ruble and Chris Keenan represented both the buyer and the seller, a limited-liability company, in the transaction.
LOS ANGELES — Lee & Associates-LA North/Ventura has managed the $3.1 million trade of a 47,846-square-foot property, located at 5651 Sepulveda Blvd. in the Van Nuys area of Los Angeles. The buyer, Osteon Enterprises LLC, is an orthopedic practice that specializes in spinal injuries. Lee & Associates’ Randy Kobata and Jack Schlaifer represented both the buyer and the seller in the transaction. The San Fernando Valley physician will relocate to and expand his practice at the new site, as well as lease a portion of the new facility to other tenants.
THORNTON, COLO. — Linda K. Gash Family Trust has sold a 19,200-square-foot building and additional land, located at 550 E. 124th Ave in Thornton, to Adams 12 Five-Star Schools for $2.21 million. Cassidy Turley Fuller Real Estate’s Esther Kettering and Chris Ball represented the seller in the transaction, and Kato Mitchell of Keller Williams represented the buyer.
SEATTLE — Marcus & Millichap has presided over the $1.06 million trade of a 10-unit apartment property, located at 5241 15th Ave. NE in Seattle. Constructed in 1926, the multifamily property has an updated electrical system and roof. Marcus & Millichap’s Dan Swanson represented both the limited-liability-company buyer and the private-investor seller in the transaction.