The Deal Sheet: 4/18/2014
April 18, 2014

In separate transactions, Studley's National Retail Services Group sold a pair of single-tenant NNN assets for a combined $32M. USA San Diego LLC, a 1031 exchange investor, purchased a 47k SF building at 25 E Mason (above) in Santa Barbara's "Funk Zone," a block from Stearns Wharf. Music equipment maker Sonos will occupy the entire building in July under a 10-year lease. Kyle Miller, Bill Bauman and Marc Navarro repped the seller; the Radius Group's Austin Herlihey repped the buyer. Kyle and Bill also repped seller Catellus GL I LLC in the sale of 330 S Arroyo Blvd in Pasadena to existing tenant Houston's restaurant, which exercised a purchase option.

The Deal Sheet: 4/18/2014

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