CBRE has brokered the off-market sale of a retail center in Seal Beach for $12 million in cash to a local 1031-exchange investor. Nathan Holthouser and James Lehigh of CBRE represented the buyer, Gary Sauter, in the transaction. The sellers, Rodi Properties and Zoeter Place, were represented by Sheri McCanless of NAI Capital. The property, just blocks from the beach at 1190-1198 Pacific Coast Highway, has a mix of medical and service-oriented tenants, including OptumCare Medical Group, LabCorp, and The UPS Store.

Irvine-based The Bascom Group has acquired Sleepy Hollow Apartments, a 25-unit complex in Anaheim Hills for $7.5 million. The deal closed June 15. Bascom arranged debt financing with Manufacturers Bank. The sale was brokered by Scott Parker and Spencer Heichman of Triqor Group. James D’Argenio and Chang Liu sourced and managed the transaction for Bascom.

Harbor Associates, a division of The Bascom Group, and Ascentris have partnered to acquire The Pinnacle, a 110,110-square-foot, five-story class office building in the north San Diego community of Rancho Bernardo. Harbor and Ascentris plan to improve the property “to enhance the tenant experience.” Updates include new outdoor covered seating and collaborative workspace with canyon views, modern bike storage and locker room area, and a remodeled lobby. Lynn LaChapelle and Bob Prendergast with JLL represented the seller. Jay Alexander and Tim Olson with JLL will handle leasing for new ownership while Davis Partners will provide property management services.

Marcus & Millichap in Newport Beach has closed three net-leased restaurant transactions in Victorville. Terms were not disclosed. The tenants include Cracker Barrel, BJ’s Restaurant and Brewhouse, and The Habit Burger Grill. Paul Bitonti, first vice president with M&M, represented the seller in all three transactions. The three properties are within a new development in Victorville called Restaurant Row, which fronts Interstate 15. “This area of Victorville is experiencing tremendous growth and commercial real estate values there are now on par with other Inland Empire locations such as Ontario, Rancho Cucamonga and strong submarkets in Riverside,” said Bitonti.