Yorba Linda Commerce Center

Prime Multi-Tenant Industrial Park in Yorba Linda, CA

3700-3960 Prospect Avenue,

Yorba Linda, CA 92886

Sales price $80,000,000

OFFERING MEMORANDUM
10 YEAR CASH FLOW ANALYSIS

Photos Ground:

Photos Aerial:

Project overview Upside:

The Yorba Linda Commerce Center offers a rare opportunity to acquire a property with a nearly perfect rectangular shape spanning 16.43 contiguous acres. The property has undergone significant capital improvements, including new roofing, a repaved parking lot, fresh exterior paint, and updated HVAC units, ensuring low maintenance and repair costs for the foreseeable future. Additionally, much of the landscaping utilizes turf, providing further savings on water and upkeep.

Currently 100% leased, which is common for this project, this property is a trophy asset for any investor. The site’s location, surrounded by residential neighborhoods, also presents a future potential for residential development, further enhancing its long-term value. This combination of strategic location, a strong existing tenant base, and low maintenance needs makes the Yorba Linda Commerce Center an exceptional investment opportunity.

Project Summary:

  • Building type: Multi Tenant Industrial Park
  • Total Square Feet: 279,229 sq. ft.
  • Lot Size: 16.43 acres
  • Target Acquisitions Price: $80,000,000 ($286.50 per SF)
  • Number of Parcels: two (2)
  • Number of Units: 83
  • Year 1 Potential NOI: $3,359,994
  • Year 1 Potential Cap Rate: 4.19%
  • Year 2 Potential NOI: $4,932,110
  • Year 2 Potential Cap Rate: 6.17%

Construction and Facilities:

  • Building Type: Multi-Tenant Industrial Units and Freestanding Industrial Buildings
  • Construction: Concrete Tilt-Up
  • Year Built: 1987 / 1989
  • Parking: 3.1 spaces per 1,000 SF
  • Fire Sprinklered: Yes
  • Number of Buildings: 14

Recent Capital Improvements:

  • New Roof: 2024
  • Exterior Lighting: 2021
  • Parking Lot: 2020
  • ADA Parking: 2019
  • HVAC Units: 40 Units
  • Exterior Paint: 2024
  • Landscaping: 2017
  • Int. Refurbishment: ±80% of Units

Building Specifications:

North Parcel 3700-3860 Prospect Avenue

  • # of Units: 10
  • Total bldg Square Feet: 140,434
  • Warehouse Heights: 17’-20’
  • Ground Level Doors: 18 (12’ x 14’)
  • Dock High Doors: 6 Tuckwell Loading Positions
  • Power: Between 200 – 800 Amps per Unit
  • Fire Sprinklers: Yes

South Parcel 3890-3960 Prospect Avenue

  • # of Units: 73
  • Total bldg Square Feet: 138,795
  • Warehouse Heights: 14’
  • Ground Level Doors: 73 ( 12’ x 12’)
  • Dock High Doors: None
  • Power: 100 Amps per Unit
  • Fire Sprinklers: Yes

Zoning and Usage:

The M-1 Light Manufacturing zoning offers flexibility for a variety of industrial and commercial uses, including:

  • Permitted Uses:
    • Electronic Manufacturing
    • Instrument Manufacturing
    • Pharmaceutical Manufacturing
    • Warehouse/Storage
  • Conditional Uses:
    • Automobile Repair
    • Medical/Dental Clinics
    • Commercial Recreation

Rental Upside:

The Yorba Linda Commerce Center is a unique property in an affluent area where business owners actively seek to establish their operations. With an industrial vacancy rate of approximately 1% in Yorba Linda, there is clearly high demand for such spaces. A buyer can capitalize on significant rental and value upside by optimizing the property’s operating structure.

The property is well-positioned to function like two distinct industrial parks, benefiting from economies of scale to reduce operating expenses. The North Parcel, featuring larger units, can be transitioned to triple net (NNN) leases, which is standard for the market and would allow the owner to recover operating expenses directly from tenants. Meanwhile, maintaining industrial gross lease agreements for the South Parcel would balance tenant appeal while significantly boosting net operating income.

Additionally, all current lease agreements expire within the next three years, providing a buyer with the immediate opportunity to bring tenants up to market rent levels and implement a new structure for tenant reimbursements. This strategic approach offers a substantial opportunity for increased revenue and value appreciation.

Download our Brochure that will cover more detailed
information related to the parcels.
OFFERING MEMORANDUM
10 YEAR CASH FLOW ANALYSIS