CAMARILLO, CALIF. — Marcus Adams Properties has acquired an eight-property industrial portfolio in Camarillo for $23.4 million. The portfolio contains a total of 205,669 square feet within the Flynn Road Industrial Park. The transaction includes six multi-tenant and two single-tenant industrial buildings. The portfolio is 96 percent leased to 28 tenants. The properties were all built between 1986 and 1999 by a local developer. The same family had owned and managed the properties since completion. Sam Wagner of Told Partners represented the family, and Mitch Conlee of Daum Commercial represented Marcus Adams Properties.
LA MIRADA, CALIF. — All-Ways Pacific LLC has leased a Class A, 254,718-square-foot industrial building located at 15300 Desman Road in the Los Angeles submarket of La Mirada. The warehouse and distribution building has direct access to Interstate 5 and the 91 Freeway. It is 30 minutes from the ports of Los Angeles and Long Beach. Daum Commercial represented the third-party logistics firm in the lease transaction. JLL’s Luke McDaniel and Cameron Driscoll represented the landlord, TA Associates Realty.
OMAHA, NEB. — Haley Real Estate Group, an Omaha, Neb.-based real estate investment firm, has acquired five apartment communities for $64.3 million. The properties include Meadow Walk Apartments in Arkansas City, Kan.; Woodscape Apartments and Forest Lake Apartments in Newport News, Va.; Fox Run Apartments in Broken Arrow, Okla.; and Pryor Creek Apartments in Pryor, Okla. The company plans to invest an additional $3.4 million for capital improvements to the communities, which feature a combined total of 1,028 apartment homes. The addition of the properties increases Haley Real Estate Group’s portfolio to 46 communities representing 11,380 units in 13 states.
HOUSTON — NAI Houston has represented Axis Texas Development Group LLC in the sale of an industrial building located in the 529 Business Commerce Park, an industrial park in Houston comprised of eight buildings. The 4,500-square-foot building is the first of eight buildings to sell in the 529 Business Commerce Park, an Adkisson Development project. John Ferruzzo and Travis Land of NAI Houston represented the seller, Axis Texas. Sara Allen of Edge Realty Partners represented the buyer, Wymer Management Inc.
AUSTIN — CBRE Capital Markets’ investment properties team has arranged the sale of a 5,162-square-foot retail building in a long-term, triple net lease to MedSpring Urgent Care. An unnamed Austin-based private investor purchased the asset for an unnamed price from The DuPont Group, an Austin-based real estate group. The property is 100 percent occupied by MedSpring Urgent Care, with 11 years remaining on a triple net lease. The property, located at 208 W. Ben White Blvd., was built in 2012 and is near St. David’s South Austin Medical Center and a P. Terry’s Burger Stand. Walter Saad, Cathy Nabours and Logan Reichle with CBRE represented the seller.
ARLINGTON, TEXAS — Marcus & Millichap has arranged the sale of Lakeside, a 192-unit apartment complex in Arlington. Bard Hoover, Nick Fluellen, Will Balthrope and Drew Kile of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, Madera Residential. Fluellen, Hoover, Balthrope and Kile also procured the 1031-exchange buyer, The Lighthouse Group. Fannie Mae provided the loan assumption. Lakeside is located at 2500 Brown Blvd. near Highway 360 and I-30. The property was built in 1979 and includes one- and two-bedroom floor plans with an average unit size of 858 square feet.
Westport, Conn. — Marcus Partners has purchased two office buildings, located at 8 and 10 Wright St. in Westport, as the company’s first investment in its new fund, Marcus Capital Partners Fund II. The buildings, which total 84,000 square feet, offer views of the Saugatuck River and historic Westport Center. Marcus Partners has a $4 million comprehensive renovation planned for the buildings. The renovation will include new enlarged windows, and redesigned and upgraded landscaping, parking decks, lighting, paving, entrances and signage. Terms of the transaction were not released.
SEYMOUR, CONN. — Marcus & Millichap has arranged the sale of Maplewood Commons, a 50-unit apartment property located in Seymour. Built in 1970, the garden-style apartment community consists of four detached wood-frame buildings. The buyer plans enhance the property with modest kitchen, bath and hallway upgrades. Blake Barbarisi, Adam Mancinone and Gary Witten of Marcus & Millichap’s New Haven, Conn., office listed the property on behalf of the seller, a limited liability company and secured the buyer, a private investor.
ASTON, PA. — KarMar Realty Group has brokered the sale of a flex building, located at 2626 Market St. in Aston. Keenan Auto Body purchased the property from I&I Sling Inc. for an undisclosed price. Situated on 1.93 acres, the 24,000-square-foot property features 20-foot ceilings, two tailgate docks, heavy power, ample parking and gas heat. Donald Grimes of KarMar Realty Group represented the seller in the transaction.
SAN DIEGO – A 12-unit apartment building in the San Diego submarket of La Mesa has sold to Ginsburg Family Trust for $1.9 million. The community is located at 4345 Lowell Street. The trust was represented by Aaron Bove of Marcus & Millichap’s San Diego office. The seller was Wahl Property Group LLC & Wahl Parker LLC.