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Yorba Linda Mixed-Use Offers Lease-Up Opportunity
JLL Capital Markets facilitated a transaction collateralized by a mixed-use property located in Yorba Linda, for an undisclosed sum. The JLL Capital Markets Investment Sales Advisory team was led by senior director Daniel Tyner, managing directors Gleb Lvovich and Geoff Tranchina and director Conor Quinn.
The underlying property is 65% occupied and includes 81,607 square feet of medical space and 63,832 square feet of retail space. Current tenants include Chili’s, Jersey Mike’s, Handel’s, Lone Wolf Brewing, Caduceus and the UPS Store.
The property features an 18,877-square-foot vacant anchor box, creating an immediate lease-up opportunity in the retail center. Additionally, the property is amenitized with a multi-level underground parking garage alongside the surface level parking area with 390 surface spots and 286 garage stalls.
“It is very rare to see significant value-add opportunities come available in Orange County,“ said Tyner. “The property presents a unique opportunity to immediately grow NOI and improve operations at the center.“
- ◦Sale/Acquisition
