WILDOMAR, CALIF. – A 7-Eleven property that anchors the Shops at Clinton Keith in Wildomar has sold to an unnamed buyer for $2.4 million. The 7-Eleven is located on a separate parcel at the center. There are 13 years remaining on that lease. Scott Hook of Coldwell Banker Commercial (CBC) Alliance Orange County represented both the buyer and seller in this transaction.
WILDOMAR, CALIF. – The Shops at Clinton Keith, a 15,000-square-foot retail center in Wildomar, has sold to a private investor for $4.7 million. The fully leased center is located off Interstate 15. Notable tenants include D’Canters, Bear Creek Eye, Stew’s Barber Shop and Tijuana Tacos. A 7-Eleven and Starbucks also exist on separate parcels. Scott Hook of Coldwell Banker Commercial (CBC) Alliance Orange County represented the seller. Hook also co-represented the buyer, along with David Girty of CBC Alliance.
LAS VEGAS – The NATMI Truck Terminal, a 24,890-square-foot facility in Las Vegas, has sold to a private investor for $5 million. The facility is situated on 10 acres at 4650 East Cheyenne Ave. It is fully leased. The seller, NATMI Truck Terminals LLC, was represented by CBRE’s Michael Caprile, Charles Moore, Marlene Fujita Winkel, Jeremy Green, Tyler Ecklund and Ashley Kolaczynski.
LOUISVILLE, KY. — Marcus & Millichap has arranged the sale of Glenmary Village Apartments, a 272-unit multifamily community located off Bardstown Road at 9606 Clubview Drive in southeast Louisville. Aaron Johnson of Marcus & Millichap’s Louisville office represented the seller in the transaction. The buyer, Utah-based Peak Capital, purchased Glenmary Village for an undisclosed price. Built in 2003 on 22 acres, Glenmary Village Apartments features a large pool and sun deck and an upgraded resort-style clubhouse with veranda, business center, workout facilities and a kitchen area.
LAKE PARK, FLA. — ARA has brokered the sale of Mariner’s Key, a 208-unit, waterfront multifamily community in Palm Beach County’s Lake Park. The buyer, a joint venture partnership between AIMS Real Estate, a business unit of Goldman Sachs Asset Management and Atlanta-based Carroll Organization, purchased Mariner’s Key for an undisclosed price. Built in 1965, the apartment community underwent a gut renovation and repositioning program from 2007 to 2010. The property features tropical landscaping, a clubhouse, private beach, heated waterfront pool and spa, outdoor kitchen, 17-slip marina, waterfront fitness center, sauna, pet park and a business center. Avery Klann and Hampton Beebe of ARA represented the seller, a New York-based institution. Mariner’s Key was 95 percent occupied at the time of sale.
CARLSTADT, N.J. — Marcus & Millichap has brokered the sale of a 14,490-square-foot Walgreens drugstore location in Carlstadt. Located at 637 Hoboken Road, the freestanding property sold for $7.44 million. The property is at the signalized intersection of Hoboken Road and Garden Street and is surrounded by national retailers, including Stop & Shop, Bank of America, Burger King, Verizon Wireless, CVS, AutoZone and Dunkin’ Donuts. Ben Sgambati, Alan Cafiero and David Cafiero of Marcus & Millichap’s New Jersey office listed the property on behalf of the seller, a fund manager, and represented the buyer, an out-of-state fund, in the deal.
OKLAHOMA CITY — ARA has brokered the $37.3 million sale of Liberty Pointe, a 324-unit apartment complex located southwest of Tinker Air Force Base, the second-largest military air depot I the United States. Weidner Apartment Homes, a privately held real estate company founded in 1977, is the buyer. The company owns 216 apartment complexes in the U.S. and Canada. Oklahoma City-based Dick Tanenbaum completed Liberty Pointe in 2013. Amenities include granite countertops, brushed nickel hardware and hardwood floors.
FORT WORTH — Dougherty Mortgage LLC has arranged a $3.5 million Fannie Mae loan for the acquisition of Monterrey Apartments and Townhomes, a 105-unit apartment complex located in Fort Worth. The 10-year loan includes a 30-year amortization schedule. Dougherty’s Dallas office arranged the loan for the borrower, TS Asset Monterrey LLC. The property is located near downtown Fort Worth and includes amenities such as a swimming pool and on-site laundry facilities.
BUDA, TEXAS — Lee & Associates has negotiated the lease of a 24,000-square-foot industrial building located at 199 Park 35 Cove N. in Buda, a suburb of Austin. Reed Parker and Tom Walrich of Lee & Associates’ Dallas/Fort Worth office represented the buyer, The CounterSource, a supplier of custom fabrication and counter top surfaces. Thomas Rhodes with Century 21 Randall Morris & Associates represented the seller, Prisma Properties.
RICHLAND HILLS AND FORT WORTH, TEXAS — HFF has arranged $46.7 in acquisition financing for two metro Dallas apartment complexes, The Bluffs at Ironhorse and Stone Villas. The Bluffs at Ironhorse is a 490-unit complex located in North Richland Hills. Stone Villas is a 396-unit apartment complex in northwest Fort Worth. HFF worked on behalf of the borrower, Oxford Enterprises Inc., to secure financing for the properties in two separate transactions. The Bluffs at Ironhorse was financed with a $34.7 million, 10-year, fixed-rate Fannie Mae loan through M&T Realty Capital Corp. The $12 million balance sheet loan for Stone Villas was placed with M&T Bank. Adam Herrin led HFF’s debt placement team.