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Kamyar & Joseph Shabani Of Optimus Properties Acquire Mixed-Use Property In Yorba Linda For $34.65M

Property Image
SOLD
$34,650,000
Mark DeGiorgio
Tom Lagos
+ 1

California

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Mixed-use60,736 SF
Sold 12/13/2024
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Property Image
SOLD

Kamyar & Joseph Shabani Of Optimus Properties Acquire Mixed-Use Property In Yorba Linda For $34.65M

18601 Yorba Linda Boulevard

See Similar Deals
Mixed-use60,736 SF
Sold 12/13/2024
Mark DeGiorgio
Tom Lagos
+ 1
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$570
Total Square Footage:60,736 SF
Transaction Type:Sale

The mixed-use healthcare and retail property located at 18601-18653 Yorba Linda Boulevard in Yorba Linda was sold for $34,650,000. The asset spans a total of 60,736 square feet, resulting in a price per square foot of $570.

Summary of transaction details:

The transaction featured Kamyar and Joseph Shabani, acting as buyers through their company Optimus Properties, LLC. The sellers, Greenbridge Investment Partners, facilitated the sale with the assistance of a team of brokers from Institutional Property Advisors, including Mark DeGiorgio, Tom Lagos, Jose Carrazana, and Patrick Toomey.

Players

Tom Lagos
6 deals$127.5M volume
BROKER

Mark DeGiorgio
Institutional Property Advisors
12 deals$626M volume(424) 405-3860
BROKER

Patrick Toomey
Institutional Property Advisors
6 deals$109.8M volume(310) 403-4984
BROKER

Jose Carzana
Institutional Property Advisors
1 deal$34.7M volume(213) 943-1920
BROKER

Details

SOLD
IMAGE: Joseph Shabani, Kamyar Shabani, Mark DeGiorgio, Tom Lagos, Patrick Toomey & Jose Carrazana DATE: 12/13/2024 ADDRESS: 18601-18653 Yorba Linda Boulevard MARKET: Yorba Linda ASSET TYPE: Mixed-use Healthcare & Retail Property BUYER: Kamyar & Joseph Shabani - Optimus Properties, LLC SELLER: Greenbridge Investment Partners BROKERS: Mark DeGiorgio (@Mark_Degiorgio_creinvest), Tom Lagos (@Keep_it_real_Tommy), Jose Carrazana, & Patrick Toomey (@ptoomeyipa) - Institutional Property Advisors (IPA), a division of Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $34,650,000 SF: 60,736 ~ PPSF: $570

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

$1,848,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$123,104.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$164,258.68
Annual Debt Service$1,971,104.13