JLL Capital Markets recently facilitated a transaction for a mixed-use property in Yorba Linda, California. The undisclosed sum was secured through the expertise of JLL’s Investment Sales Advisory team, led by Senior Director Daniel Tyner and Managing Directors Gleb Lvovich and Geoff Tranchina, along with Director Conor Quinn.
The property consists of 81,607 square feet of medical space and 63,832 square feet of retail space. Notable tenants include Chili’s, Jersey Mike’s Handel’s Lone Wolf Brewing Caduceus ,and the UPS Store. With only 65% occupancy currently achieved at this location there is significant potential for growth.
One key feature is an available anchor box spanning over 18,877 square feet which presents immediate lease-up opportunities within the retail center. Additionally,the property boasts amenities such as a multi-level underground parking garage with surface level parking offering ample room for both customers and employees alike with its total capacity being comprised of390 surface spots and286 garage stalls.
According to Tyner,”It is rare to find such promising value-add prospects in Orange County.” He adds that “This particular property offers investors an exceptional opportunity to increase NOI while also enhancing overall operations at this prime location.”
