LOS ANGELES — Charles Dunn Co. has closed the $1.2 million sale of a 24-unit multifamily property located at 916 S. Lake St. in Los Angeles. Constructed in 1923, the 10,712-square-foot apartment complex was 92 percent leased at the time of trade. In the exchange between private investors, Charles Dunn’s Bryan Glenn represented the seller and Coldwell Banker Commercial’s Connie Kim represented the buyer.
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AURORA, COLO. — Marcus & Millichap has brokered the $3.31 million sale of the 20,927-square-foot Office Depot at Southlands, a single-tenant, net-leased property located in Aurora. In the transaction, the brokerage firm’s Garrette Matlock represented the seller, a limited-liability company that developed the property.
LAS VEGAS — Commercial Executives’ Lance Robbins represented Winner Properties LLC in its nearly $2.07 million purchase of an approximately 13,800-square-foot retail building, located at 7795 W. Sahara Ave. in Las Vegas, from Bank of America.
SPARKS, NEV. — Morrissey Realty has presided over the almost $4.5 million sale of a 100,000-square-foot manufacturing facility, located at 650 Lillard Drive in Sparks. The brokerage firm’s Pat Morrissey represented the seller, 650 Lillard Partnership, and James Lowey represented the buyer, Estero Porch LLC.
DENVER — Marcus & Millichap has brokered the $13 million sale of a 125,601-square-foot site that is ground-leased to Lowe’s Home Improvement Warehouse. The brokerage firm’s Jamie Medress, Mark Ruble and Michael Hoffman represented both the buyer, a Phoenix-based real estate investment firm, and the seller, an Idaho-based developer, in the transaction. According to Ruble, Brighton Corp. demolished an old shopping center at the site, which is located at 2220 West Alameda Ave. in the Mile High City.
PHOENIX — Cassidy Turley BRE Commercial has completed the approximately $1.23 million sale of a 17,521-square-foot office building, located at 2211 E. Highland Ave. in Phoenix. Built in 1973, the building was 67 percent leased at the time of sale. Cassidy Turley’s Mark Seale represented the hometown buyer, MRL Partners Fund I LLC, in the transaction, and the brokerage firm’s Eric Wichterman and Mike Coover represented the seller, JP Morgan Chase.
SAN LEANDRO, CALIF. — American Packaging Co. has renewed its more than 72,000-square-foot industrial lease in San Leandro for an additional 5 years. Represented by Craig Hagglund of Lee & Associates, the locally based tenant has called the concrete tilt-up warehouse home for the past 7 years. JP Morgan, the landlord, was represented in-house.
SANTA FE SPRINGS, CALIF. — Cushman & Wakefield has managed a long-term, 240,000-square-foot industrial lease transaction at 11130 Bloomfield Ave. in Santa Fe Springs. Terms of the deal were not disclosed. Cushman & Wakefield’s Britt Casey, Rooney Daschbach and Eric Daschbach represented the tenant, Americana Activewear, in the transaction, and the brokerage firm’s John McMillan, Jeff Sanita and Tim Wallace represented the landlord, Alere Property Group. The infill Class A property features easy expressway access, modern accommodations with 30-foot clear ceilings, ample cross-docked loading capabilities and an office fit-out.
MESA, ARIZ. — Marcus & Millichap has negotiated the $2.05 million sale of a ground lease for a 6,483-square-foot P.F. Chang's China Bistro located at 6610 E. Superstition Springs Blvd. in Mesa. The single-tenant, net-leased property is situated near the 1.2 million-square-foot Superstition Springs Mall. Marcus & Millichap’s Jamie Medress and Mark Ruble represented the private-investor seller in the transaction.
TACOMA, WASH. — Marcus & Millichap has facilitated the nearly $1.87 million sale of a 3,723-square-foot Burger King, located at 1420 72nd Street East in Tacoma. Constructed in 2002, the single-tenant, net-leased property sits on a 0.69-acre parcel. Marcus & Millichap’s Peter Nisbet represented the private-investor seller in the transaction.