Value-add mixed-use retail center in Orange County trades

ORANGE COUNTY, Feb. 16, 2024 – JLL Capital Markets announced today that it has facilitated a transaction collateralized by a mixed-use property located in Yorba Linda, California.

The underlying property is 65 percent 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, the UPS Store and more. The property features an 18,877-square-foot vacant anchor box, creating an immediate lease-up opportunity in the retail center. In addition, 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.

The JLL Capital Markets Investment Sales Advisory team was led by Senior Director Daniel Tyner, Managing Directors Gleb Lvovich, Geoff Tranchina and Director Conor Quinn.

“It is very rare to see significant value-add opportunities come available in Orange County. The property presents a unique opportunity to immediately grow NOI and improve operations at the center,” said Tyner.

“The combination of upside and strong fundamentals in both the retail and medical office space make the property an ideal investment for the most active capital in the market today,” Lvovich added.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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