Updated Oct 29, 2024
San Jose Central Travel Acquires The Shops At Yorba Linda For $7.8M
4846 Valley View Ave, Yorba Linda, CA...
$7,800,000
Building Size
—
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property involved in the transaction is The Shops at Yorba Linda, a three-building center located at 4846-4854 Valley View Ave in Yorba Linda, California. The property was sold by Midtown National Group to San Jose Central Travel for $7.8 million. At the time of sale, the property was fully occupied by a mix of quick-serve restaurants, service tenants, unique retailers, and a Dunkin Donuts drive-thru.
Summary of transaction details:
- Property Type: Three-building center
- Transaction Amount: $7,800,000.00
- Address: 4846 Valley View Ave, Yorba Linda, CA
- Market: Yorba Linda
- Buyer's Rep: Patrick Larimore(CBRE)
- Brokers: Sam Alison(CBRE)
- Buyer: San Jose Central Travel
- Seller: Midtown National Group
The deal's key individuals and companies involved in this transaction were Sam Alison, Mike Philbin, Amar Goli, and Patrick Larimore of CBRE, who represented both the seller, Midtown National Group, and the buyer, San Jose Central Travel in the sale of The Shops at Yorba Linda.
Players
Yorba Linda CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93