Monday, August 8, 2016

HFF closes $15.85 million sale of Los Angeles-area neighborhood shopping center

Home Ranch Center, Yorba Linda, CA

CJ Osbrink
NEWPORT BEACH, CA, Aug. 8, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $15.85 million sale of Home Ranch Center, a 54,169-square-foot, value-add neighborhood shopping center in the affluent Orange County community of Yorba Linda, California. 

HFF marketed the property on behalf of the seller, YL Friends Church.  The buyer is a private real estate investment group out of Beverly Hills, California.

Situated on 4.9 acres at 18601-18659 Yorba Linda Boulevard, the center is in an infill location surrounded by an affluent demographic of more than 104,480 residents living within a three-mile radius with an average annual household income of over $122,800. 

Just north of Anaheim in the northeastern part of Orange County, the center’s Yorba Linda location puts the center in one of CNN’s “Best Places to Live” and one of Money Magazine’s “America’s Best Small Cities.”

 Home Ranch Center comprises three buildings that are home to national and regional tenants, including Blue Agave; Edible Arrangements; Dr. John Kim, DDS; Luxe; State Farm Insurance; KC Salon; YL Family Chiropractic; Crepe Maker and Papa John’s. 

Gleb Lvovich
The HFF retail investment sales team representing the seller was led by CJ Osbrink and Gleb Lvovich out of the HFF Orange County office.

“With an attractive submarket vacancy of roughly seven percent, very high barriers-to-entry and affluent demographics, this opportunity was incredibly appealing to investors who saw the immediate upside through the lease-up of the available anchor space, formerly occupied by Jo-Ann Fabrics,” Osbrink said.

 “Today, more than ever, we are seeing a much higher demand for value-add retail properties in dense and affluent locations.”

  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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