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18601 Yorba Linda Boulevard

Optimus Properties LLC Acquires Home Ranch Commons Mixed-Use Property In Yorba Linda For $35.6M
SOLDMixed-use

Optimus Properties LLC Acquires Home Ranch Commons Mixed-Use Property In Yorba Linda For $35.6M

18601 Yorba Linda Boulevard

$35,600,000

$586/SF

Building Size

60,737 SF

Asset Type

Mixed-use

Closing

Jan 8, 2025

AI

The property asset involved in this transaction is a mixed-use medical and retail property located at 18601 Yorba Linda Boulevard in the Yorba Linda market. It was acquired for a total transaction amount of $35.6 million and encompasses a total square footage of 60,737. The property, built in 1984 and renovated in 2018, features UCI Health and Kiddie Academy as co-anchors, with additional tenants including Blue Agave and YL Family Chiropractic.

Summary of transaction details:

This transaction was represented by Kamyar Shabani of Optimus Properties LLC as the buyer. The deal was brokered by a team from Institutional Property Advisors, which included Jose Carrazana, Mark DeGiorgio, Tom Lagos, and Patrick Toomey. The collaboration among these individuals facilitated the successful acquisition of Home Ranch Commons.

Players

Tom Lagos

Marcus & Millichap

Broker

$127.5M

vol

6 deals

Broker

Yorba Linda Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93