facebook

traded

+ Submit
Home

/

Deals

/

California

/

Mixed Use

/

Sale

/

18601 Yorba Linda Boulevard

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

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

18601 Yorba Linda Boulevard

$34,650,000

$570/SF

Building Size

60,736 SF

Asset Type

Mixed-use

Closing

Dec 13, 2024

AI

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

Marcus & Millichap

Broker

$127.5M

vol

6 deals

Broker

Yorba Linda Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93