Yorba Linda Strip Mall Sells for High Value

A small Yorba Linda shopping center has sold for $720 per square foot — the high price by this measure in Southern California this year.

Town Center Plaza, a 5,789-square-foot shopping center at 18503 Yorba Linda Boulevard, was sold by Festival Companies to Tony Nam for $4.17 million. The center, full leased, has tenants including Coffee Bean & Tea Leaf, GameStop, Panda Express and AT&T.

Jeremy McChesney at Hanley Investment Group that represented the seller said: “Due to the property’s excellent location, tenancy, and surrounding demographics, we received a great deal of interest and multiple all-cash offers. The sale of this property at $720 per square foot in today’s market is a testimony to the fact that well-situated strip shopping centers in Orange County are in high demand.”

Information Provided By The Orange County Register