LOMA LINDA, CALIF. — DMP Properties has purchased a 16,836-square-foot retail building, located at 25710 Barton Road in Loma Linda, from a private investor for $3.6 million. Cassidy Turley BRE Commercial’s Chuck Klein and Kevin Held represented the seller in the transaction; the buyer’s representation was not disclosed.
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OAKLAND, CALIF. — Marcus & Millichap has brokered the nearly $3.08 million sale of the 22-unit Fontana Lee East Apartments, located at 290 Lee St. in Oakland’s Adams Point neighborhood. Built in 1968 by Santos Construction, the multifamily property consists of 15 one-bedroom/one-bath units, six two-bedroom/two-bath units and one large two-bedroom/two-bath penthouse with a wood-burning fireplace. Marcus & Millichap’s Kevin Turner represented 290 Lee Street LLC in its disposition of the 21,052-square-foot property to Leeward Ventures LLC.
CITY OF INDUSTRY, CALIF. — Colliers International has negotiated a 5-year lease for a 155,992-square-foot industrial building, located at 14255-14317 Lomitas Ave. in the City of Industry. Built in 2001, the state-of-the-art facility will be used as a warehouse by the new tenant, HOT Services, which was represented by IDS Real Estate Group. Colliers International’s Steve Bellitti, Tom Taylor and Tony Phu represented the Orange County-based landlord, Lomitas LP, in the $3.1 million transaction.
AURORA, COLO. — Marcus & Millichap has presided over the $2.23 million sale of the 57,800-square-foot Kingsborough Crossing, located at 16724 East Iliff Ave. in Aurora. The retail property was renovated in 2007 and approximately 87 percent leased at time of closing. In a transaction involving two limited-liability companies, Marcus & Millichap’s Barry Higgins and Jason Ferdig represented the buyer, and Higgins represented the seller.
SAN DIEGO — Richard Conner of Conner Family Trust has sold a 72,712-square-foot industrial building, located at 4370 Jutland Dr. in the Clairemont area of San Diego, to FFP Ltd. for $3 million. Originally developed in 1967, the property is situated just east of Morena Blvd. and north of Costco. Cushman & Wakefield’s Deborah Hunkeler and Colliers International’s Jay Arnett represented the seller in the transaction.
PHOENIX — Colliers International has negotiated the $5.96 million acquisition of the 141,784-square-foot Arcadia Corporate Center, located at 3102 North 56th Street in Phoenix. Colliers’ Todd Noel and Keith Lambeth represented the buyer, Great Hearts Academies of Phoenix, in the transaction, and Joe Holeva of Praedium Advisors represented the Scottsdale, Ariz.-based seller, 3102 N56 LLC. Situated on approximately 13.5 acres in the elite Arcadia neighborhood, the two-story, campus-style building will be the home of Veritas Preparatory Academy (grades 6-12), Archway Classical Academy–Veritas (K-5) and Great Hearts Academies’ headquarters.
CASTLE ROCK, COLO. — Pinnacle Real Estate Advisors has closed the almost $4.23 million sale of Winrock Apartments, a 64-unit apartment complex located at 906-1094 South Street in Castle Rock. Constructed in 1973, the multifamily property consists entirely of two-bedroom/one-bathroom units. Pinnacle Real Estate Advisors’ Jeff Johnson and Matt Ritter assisted the seller in the transaction, and Unique Properties assisted the buyer.
POWAY, CALIF. — DCR Real Estate III Sub 1 LLC has sold an 11,768-square-foot industrial building, located at 12169 Kirkham Road in Poway, to Kevin Clark and Cindy Clark for $1.2 million. Brent Bohlken of Grubb & Ellis represented both parties in the transaction.
LOS ANGELES — Investment Real Estate Associates has brokered the $8.4 million acquisition of Sunset Pacifica, a 17-unit mixed-use building located at 17351 West Sunset Boulevard in the Pacific Palisades area of Los Angeles. IREA’s Clark Everitt and William Everitt represented the buyer, Jake Mathews and 9 Mile Investments, in the REO transaction, and Jones Lang LaSalle represented the Seller, 17351 W. Sunset Blvd. Inc.
NORTH LAS VEGAS — CB Richard Ellis has presided over the $9.75 million trade of an approximately 219,068-square-foot distribution building located at 4335 Arcata Way in North Las Vegas. CBRE’s Greg Tassi represented both the buyer, Bixby Land Co., and the seller in the transaction.