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18421 Yorba Linda Boulevard

Manouch Moshayedi Of Mx3 Ventures Purchases Retail Property From Brett M. Foy For $55.7M
SOLDRetail

Manouch Moshayedi Of Mx3 Ventures Purchases Retail Property From Brett M. Foy For $55.7M

18421 Yorba Linda Boulevard

$55,700,000

$445/SF

Building Size

125,000 SF

Asset Type

Retail

Closing

Mar 25, 2025

AI

The asset involved in this transaction is a retail property located at 18421 Yorba Linda Boulevard in the Yorba Linda market. The transaction was completed on March 25, 2025, with a sale price of $55,700,000. The property encompasses a total square footage of 125,000.0.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $55,700,000.00
  • Address: 18421 Yorba Linda Boulevard
  • Market: Yorba Linda
  • Buyer: Manouch Moshayedi - Mx3 Ventures
  • Seller: Brett M. Foy - Zelman Development Co.
  • Square Footage: 125,000.0

The buyer of the property, Manouch Moshayedi, is associated with Mx3 Ventures, while the seller, Brett M. Foy, represents Zelman Development Co. This transaction marks a significant exchange between these two parties within the retail sector.

Players

Morgan Stanley
Morgan Stanley Lender

Yorba Linda Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93