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:
- Property Type: Mixed-use
- Transaction Amount: $35,600,000
- Square Footage: 60,737
- Address: 18601 Yorba Linda Boulevard
- Market: Yorba Linda
- Buyer: Kamyar Shabani - Optimus Properties LLC
- Seller: Greenbridge Partners
- Brokers: Jose Carrazana, Mark DeGiorgio, Tom Lagos & Patrick Toomey - Institutional Property Advisors - Marcus & Millichap
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
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