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:
- Property Type: Mixed-use Healthcare & Retail Property
- Transaction Amount: $34,650,000
- Address: 18601-18653 Yorba Linda Boulevard
- Market: Yorba Linda
- Square Footage: 60,736
- Price per Square Foot: $570
- Buyer: Kamyar & Joseph Shabani - Optimus Properties, LLC
- Seller: Greenbridge Investment Partners
- Brokers: Mark DeGiorgio, Tom Lagos, Jose Carrazana, & Patrick Toomey - Institutional Property Advisors (IPA), a division of Marcus & Millichap
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
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93