FOUNTAIN VALLEY, CALIF. — Voit Real Estate Services has managed the more than $2.36 million trade of a 20,360-square-foot industrial property located at 17371 Mount Wynne Circle in Fountain Valley. Voit’s Greg Velastegui represented both the buyer, KB Sheetmetal, and the seller, 24-7 Internet, in the transaction. Situated near the 405 freeway, the free-standing, owner-user manufacturing facility will be used by KB as its new headquarters.
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SAN DIEGO — Cassidy Turley BRE Commercial has facilitated the $1.3 million sale of two office condominiums, located at 11189 Sorrento Valley Road within Venture Sorrento Office Park in the Sorrento Valley area of San Diego. A subsidiary of PacVentures, PV Venture Sorrento LLC sold units 104 and 105 totaling 6,204 square feet to the Del Mar Union School District for use by its facilities department. Cassidy Turley BRE Commercial’s Phillip Linton represented the seller in the transaction, and Colliers International’s Chuck Wasker and Mark Kagan of Tenant Rep Real Estate represented the buyer.
ANAHEIM, CALIF. — Marcus & Millichap has presided over the $6.31 million trade of La Palma Apartments, a 61-unit apartment property located at 317 East La Palma Ave. in Anaheim. Built in 1970 and 95 percent occupied at time of sale, the multifamily property consists of 19 two-bedroom/one-bath units and 42 one-bedroom/one-bath units. Marcus & Millichap’s Hiu Chan represented both the limited-liability-company buyer and the private-investor seller in the transaction.
SAN DIEGO — Capital Real Estate Investments has brokered the $4.25 million sale of the 30,625-square-foot Factory 2-U Shopping Center, located at 157-199 Virgina Ave. in the San Ysidro part of San Diego. The deal includes the assumption of $3.4 million of the first trust deed from San Diego County Credit Union. Capital Real Estate Investments’ Justin Earley and Matt LoPiccolo represented the buyer, NJ Units LLC, in the transaction, and LoPiccolo represented the seller, Tom E. Dixon Trust. The one-story strip center was constructed in 1971.
SAN DIEGO — Jones Lang LaSalle has represented Legacy Partners in a 61,249-square-foot, more than $4 million lease transaction at Legacy Wateridge, a two- building, Class A office complex located at 10421 & 10431 Wateridge Circle in San Diego’s Sorrento Mesa submarket. Jones Lang LaSalle’s Chad Urie and Tim Olson represented the landlord in the 36-month lease renewal, and Matthew Miller and Chris Powers of CresaPartners represented the tenant, Wells Fargo.
LOS ANGELES — Charles Dunn Co. has arranged the $8.5 million acquisition of a 24,258-square-foot multifamily property located at 16070 W. Sunset Blvd. in the Pacific Palisades area of Los Angeles. The brokerage firm’s Hamid Soroudi represented Xenon Investment Corp. in its purchase from Acron II Partners.
CARSON, CALIF. — Lee & Associates has closed the $5.86 million purchase of a 78,486-square foot industrial building, located at 2525 El Presidio St. in Carson. Built in 1990, the property includes 6,318 square feet of office space. Lee & Associates-Orange’s Jeff Gahagan and Scott Seal represented the undisclosed buyer in the transaction, and Clint McMorris of Colliers International represented the seller, Charles Tsai.
TUCSON, ARIZ. — Marcus & Millichap has managed the $1 million trade of the 131-room Executive Inn & Suites, located at 333 West Drachman Street in Tucson. The full-service, interior-corridor hotel was built in 1960. With assistance from David Guido, Marcus & Millichap’s Jonathan Ruprai and Aseem Tandon represented both the buyer and the seller, a financial institution, in the transaction.
PHOENIX — Marcus & Millichap has negotiated the $5.1 million sale of the 236-unit Pines of Camelback, an apartment property located directly across from a Metro light-rail train station at 4802 North 19th Ave. in Phoenix. Now being called Camelback @ the Stop, the property built in 1973 was 75 percent occupied at closing. Marcus & Millichap’s Michael Hubl represented the seller, a special servicer working on behalf of the lender, in the transaction. The buyer, a limited-liability company, plans to redevelop the property as an affordable-housing community.
ENCINITAS, CALIF. — NorthMarq Capital has arranged a $6.45 million first-mortgage loan for The Sands, a 58 single-pad mobile-home park located at 1624 North Hwy. 101 in Encinitas. Set up by the firm’s Charles Cotsalas and Ernest DesRochers, financing was based on a 10-year term with a 30-year amortization schedule. NorthMarq worked in conjunction with Michael Groothuis of Groothuis & Co.