A former Burger King restaurant property in Kernersville has been sold for $1.49 million to a California group.

According to a Forsyth County Register of Deeds filing, the purchase involves an 0.79-acre tract at 1551 Union Cross Road that contains a 3,176-square-foot building.

The buyer is Oaktree Investments 3 LLC of Huntington Beach, Calif.

The sellers are Niki Properties 1 LP, Sunray Property Investments LLC and Granite Peak Property Investments LP.

They are affiliates of The Niki Group, which focuses on value-added property projects, sale-leaseback acquisitions and build-to-suit financing for tenants.

See Full Page