A joint venture of Harbor Associates and Farallon Capital Management acquired the Yorba Linda Commerce Center, a 280,000-square-foot industrial campus, for $81 million in an off-market deal, the companies announced Monday.
The 16.5-acre property at 3700–3960 Prospect Avenue includes 10 buildings with 83 suites ranging from 1,200 square feet to 24,000 square feet.Â
Built in 1987, the small-bay industrial park was 98% leased at the time of sale, officials said.
Gary Martinez of Ashwill Associates represented the seller, a private family that owned the property for more than 30 years.
CBRE’s Shaun Moothart, Bob Ybarra and Andrew Post arranged a $56.3 million loan for the acquisition through an affiliate of QuadReal Property Group.
Read more in the May 25 edition.
