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San Jose Central Travel Acquires The Shops At Yorba Linda For $7.8M

Property Image
SOLD
$7,800,000

California

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Property Image
SOLD

San Jose Central Travel Acquires The Shops At Yorba Linda For $7.8M

4846 Valley View Ave, Yorba Linda, CA...

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Summary

CALIFORNIA
Transaction Type:Sale

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

Sam Alison
2 deals$11.5M volume
BROKER

Details

SOLD
IMAGE: 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 PRICE: $7,800,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$415,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75