Harbor Associates, in a joint venture with Farallon Capital Management, has acquired the Yorba Linda Commerce Center, a 280,000-square-foot small-bay, multi-tenant industrial campus in an off-market transaction valued at $81 million.
Located at 3910 Prospect Ave. in the northern Orange County community of Yorba Linda, the 16.5-acre property consists of 10 single- and multi-tenant buildings housing 83 units ranging in size from 1,200 square feet to 24,000 square feet. Each unit offers office space, clear heights up to 22 feet, ground-level doors, ample electrical capacity, LED lighting and updated HVAC systems. Built in 1987, Yorba Linda Commerce Center was 98 percent leased at closing.
“Yorba Linda Commerce Center is a high-quality project that is truly irreplaceable in this market,” said Rich McEvoy, principal at Harbor Associates. “The project offers local businesses the opportunity to operate close to home in a pristine work setting, with a thoughtful mix of s
