SANTA ANA, CALIF. — Pasha Darvishian and Wes Griffin of Marcus & Millichap’s Newport Beach, Calif., office represented the undisclosed buyer and seller in the disposition and acquisition of 217 N. Broadway in Santa Ana. The 16,819-square-foot property sold for $2 million. The property consists of two separate mixed-used buildings and an income-generating parking lot.
GLENDALE, CALIF. — Jim Fisher and Mike Smith of Lee & Associates-LA North/Ventura Inc. has brokered the sale of a 19-unit multifamily property in Glendale. Located at 1035 Melrose Ave., the property, which was built in 1961, sold for $3.2 million, a 4.66 percent cap rate. The seller and buyer were private investors.
RIVERSIDE, CALIF. — Two medical centers have recently opened at Turner Development Corp.’s Medical Park at Riverwalk in Riverside. Loma Linda University Health Care has opened a state-of-the-art ophthalmology center at the park, and Riverside Regional Pain Center, which offers cutting-edge interventional pain management, has also opened. Loma Linda University Health Care is located on the first floor of 4244 Riverwalk Parkway, which is part of the two-building, 72,000-square-foot second phase of the medical park. Riverside Regional Pain Center is located at 4234 Riverwalk Parkway in Suite 120. Mike Kendall of Turner Development is spearheading the leasing and sales efforts for the second phase of Medical Park at Riverwalk.
AURORA, COLO. — CBRE Capital Markets has arranged first mortgage financing in the amount of $15.12 million for the refinance of Retreat at City Center Apartments, a 225-unit multifamily property located in Aurora. Built in 2003, the property features 12 apartment buildings, a clubhouse building and a parking structure. Eric Tupler, Mike Easter and Josh Simon of CBRE Capital Markets’ Denver office secured the financing on behalf of a joint venture between Amstar Group and Allied Realty Services.
HAYWARD, CALIF. — Santos Spice Agency, a food distributor, has acquired a 26,400-square-foot light industrial building in Hayward. The property is situated on 1.97 acres of land at 26545 Corporate Ave. Jet Stream Inc. sold the facility for $2.64 million. Joe Yamin and Chet Barney of Colliers International represented the buyer; Yamin and Greig Lagomarsino, also at Colliers International, represented the seller in the transaction.
OXNARD, CALIF. — AutoNation has purchased a 25,496-square-foot retail building, which is located at 1511 Auto Center Dr. in Oxnard. The buyer plans to utilize the location for a Mercedes and SMART Car dealership, which is slated to open this summer. Jacqui Blake and Chris Maquire of SRS Real Estate Partners represented AutoNation in the transaction. The seller and acquisition price were not disclosed.
RENO, NEV. — Banyan Tree Properties LLC has acquired 3,636 square feet of office space at 6350 Mae Anne Ave, Unit 2 and 3, in Reno. The properties were acquired from Quail North West Phase II LLC for an undisclosed price. Summit Pediatrics is currently occupying the space. Scot Shanks, Dominic Brunetti and Matt Grimes of NAI Alliance represented the buyer in the transaction.
ESCONDIDO, CALIF. — Conrad Prebys Trust has acquired Park Terrace Apartments in Escondido for $12.4 million. Located at 151 Gayland St., the 117-unit property features 40 one-bedroom/one-bath units, 44 two-bedroom/one-bath units, 32 two-bedroom/two-bath units and one four-bedroom/two-bath unit. Additionally, the community offers two laundry facilities, a pool and spa, and carport parking. The seller was Nordiego Capital Ltd. Kevin Mulhern, Dixie Hall and Rachel Hemingway of CB Richard Ellis represented both parties in the transaction.
SAN DIEGO — Mapali Inc. has purchased Loma Vista Center, which is located at 4676-4696 Market St. in San Diego, for $4.8 million. The 25,635-square-foot retail property is located on the corner of Market Street and 47th Street. Manuel Lopez of Casa Bonita Realty represented the buyer; Joe Yetter, the Clark/Yetter/Jinings team, Chad Iafrate and the Schiff/Lyons/Iafrate team, all at Grubb & Ellis|BRE Commercial, represented the seller, Harol Market Properties Inc., in the transaction.
BREA, CALIF. — Brea, Calif.-based Albany Synergistics has acquired a 32,559-square-foot industrial building for $4.5 million. The property is located at 615 and 655 Berry St in Brea. Mike Hefner of Voit Commercial Brokerage’s Anaheim, Calif., office represented the buyer; Louis Tomaselli, also of Voit’s Anaheim office, represented the seller, North Anaheim Associates, in the transaction.