NAI Capital Commercial Facilitates $3.5M Sale Of Multi-Tenant Office Property In Yorba Linda

The Lakeview Professional Plaza, a multi-tenant office property, located at 4848 Lakeview Ave in Yorba Linda, California, has been successfully sold for $3.5 million. The sale price equates to $298 per square foot. The two-story office building spans 11,761 square feet and is situated on a lot measuring 38,333 square feet. The property boasts a favorable cap rate of 5.43%. Notably, it is currently occupied by an insurance company and a law firm. Its prime location near amenities and the Old Towne Historical District adds value to the asset. This transaction highlights the strong performance of well-maintained suburban office properties, which continue to command a premium in the market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $3,500,000
• Square Footage: 11,761 SF
• Price per Square Foot: $298
• Lot Size: 38,333 SF
• Price per Lot Square Foot: $91

The sale of the Lakeview Professional Plaza was facilitated by Steven Ehrich from NAI Capital Commercial’s Investment Services Group. Ehrich, as the representative of NAI Capital Commercial, played a crucial role in ensuring the successful completion of the transaction.