IRVINE, CALIF. — DAUM Commercial Real Estate Services has handled the $8.65 million acquisition of a 95,005-square-foot industrial building located at 17352 Von Karman Ave. in Irvine. DAUM’s Mike Barreiro and Gavin Denniston represented the buyer, ICC-CHT LLC, in the transaction, and Voit Real Estate Services represented the seller, MAM-Von Karman LLC.
Western
SAN BERNARDINO, CALIF. — Faris Lee Investments has closed the $3.85 million sale of a 10,200-square-foot retail property, located at 4041 N. University Pkwy. in San Bernardino. Built in 2009, the property is situated just off Interstate 15 within a neighborhood shopping center. Faris Lee’s Jeff Conover represented the seller, Beverly Hills, Calif.-based Camden Holdings LLC, in the transaction, part of a 1033 exchange for the San Marino, Calif.-based buyer, Thompson Co., which was represented by Susan Harris of CAG. Davita Dialysis has a 15-year, absolute triple-net lease on the property with two 5-year extension options.
BEAVERTON, ORE. — Marcus & Millichap has negotiated the more than $2.15 million sale of Twin Oaks Executive Center, a 14,829-square foot office property located at 1865 NW 169th Place in Beaverton. The transaction involving the multi-tenant, two-story office building was negotiated by the brokerage firm’s Ryan O'Leary.
EL SEGUNDO, CALIF. — Lucent Capital has arranged $20.75 million in refinancing for a 200,000-square-foot office complex located in El Segundo. The non-recourse, 5-year, fixed-rate loan was provided by CorAmerica Capital LLC, and the borrower was represented by Greenberg Glusker’s Bob Baradaran. The owner-occupied office complex consists of six-story, three-story and single-story office buildings.
SANTA CLARITA, CALIF. — Marcus & Millichap has presided over the $4.5 million sale of Do-it Center, a 45,400-square-foot retail property located in the Valencia area of Santa Clarita. The brokerage firm’s Lior Regenstreif and Brandon Michaels represented the buyer and seller, respectively. Both parties were private investors.
DENVER — Fleisher Smyth Brokaw LLC has sold a 45,375-square-foot office building, located at 7010 Broadway in Denver, to OIA Capital Services LLC for more than $2.9 million. Cassidy Turley Fuller Real Estate’s John Becker and Mike Haley represented the seller in the transaction.
DENVER — Pinnacle Real Estate Advisors has orchestrated the $1.11 million sale of the Wolf Londoner Building, a 17-unit apartment property located at 2401-2415 Stout Street and 805-817 24th Street near the revitalized Curtis Park Neighborhood in Denver. Constructed in 1916 and fully renovated in 1984, the multifamily structure consists of an office/studio unit, a loft, 11 one-bedroom/one-bath units, two one-bedroom/one-bath large units and two two-bedroom/one-bath units. Pinnacle’s Jeff Johnson and Matt Ritter assisted the buyer in the transaction, and the brokerage firm’s Kyle Malnati assisted the seller.
LAS VEGAS — NorthMarq Capital has arranged first-mortgage financing of $22.5 million for the 42,281-square-foot Showcase Mall, a retail property located at 3791 S. Las Vegas Blvd. in Las Vegas. Based on a 10-year term with 8 years interest only and a 30-year amortization schedule, the loan was arranged for the borrower by NorthMarq’s David Blum through its relationship with a CMBS lender.
SAN FRANCISCO — With an assist from its retail division, Cassidy Turley BT Commercial has negotiated the approx. $10.63 million sale of two office buildings located at 144-154 and 156-160 2nd Street in San Francisco. The brokerage firm’s David Klein and Jennifer Essner and Terranomics’ Mark Koenig and John Schaefer represented Patelco Credit Union in its disposition of the properties — a 24,480-square-foot building and a 28,361-square-foot building — to New Urban Properties LLC.
LOS ANGELES — Marcus & Millichap has brokered the nearly $5.47 million sale of a 68-unit apartment property located in the North Hills area of Los Angeles. The brokerage firm’s Jeff Louks represented the limited-liability-company seller in the transaction.