JLL Capital Markets recently facilitated a transaction for an undisclosed amount on a mixed-use property in Yorba Linda. The Investment Sales Advisory team, led by senior director Daniel Tyner, managing directors Gleb Lvovich and Geoff Tranchina, and director Conor Quinn played a key role in the deal.
The property consists of 81,607 square feet of medical space and 63,832 square feet of retail space with current tenants such as Chili’s, Jersey Mike’s Handel’s Lone Wolf Brewing Caduceus and the UPS Store occupying 65% of the building.
One notable feature is an empty anchor box measuring at 18.877-square-feet which presents an immediate opportunity for lease-up within the retail center. In addition to this potential income boost from leasing out this vacant space is also enhanced by amenities like multi-level underground parking garage along with surface level parking area that includes 390 spots above ground level plus another additional286 stalls below ground.
According to Tyner “It’s not often we see such promising value-add prospects arise in Orange County.” He added “This particular property offers investors a unique chance to quickly increase NOI while streamlining operations at this prime location.”
