Market Overview

Matthews™ Closes $54.5 Million Worth of Shopping Centers in Orange County, CA


Record Breaking Transactions Proves Investor Confidence in Southern
California Retail Markets

Real Estate Investment Services™
is pleased to announce $54.5
million of commercial retail transactions in one of Orange County's
thriving suburban neighborhoods, Yorba Linda, CA. Executive Vice
President & National Director of Shopping Centers, El
and Shopping Center specialist Jordan
of Matthews
Real Estate Investment Services™
, represented owners of multiple
trophy assets in four separate transactions within the last nine months.

This press release features multimedia. View the full release here:

Matthews™ Closes $54 Million in one of Orange County's thriving suburban areas of Yorba Linda. (Phot ...

Matthews™ Closes $54 Million in one of Orange County's thriving suburban areas of Yorba Linda. (Photo: Business Wire)

Savi Ranch Center, a 160,773 sf shopping center located at the prime
intersection of Yorba Linda Blvd and Savi Ranch Parkway that includes a
Dick's Sporting Goods, Bed Bath & Beyond and Michaels, sold for $32.5
million. The buyer was a local group who liked the property's proximity
to their home and did a cash out refinance of their existing portfolio
in order to buy the asset and increase their cash flow.

Located adjacent, a 25,074 sf Buy Buy Baby also sold for $6.3 million,
achieving a national cap rate record for the chain of 5.85%, according
to CoStar.

The center's Best Buy was purchased by a foreign buyer for $10.2 million
at a 6.07% cap rate, a record in California since 2016, according to

The free-standing La-Z-Boy, a 18,630 sf parcel, closed for $5.4 million
within two weeks of going on the market to an investor who was seeking a
single tenant asset for stable cash flow and ease of management.

"These transactions continue to show the strength of retail as an
investment within certain markets," said Warner. "The record breaking
prices we achieved is a result of our expertise in Southern California
and our ability to source the right buyers."

The Matthews™ Shopping Center Division prides themselves on their
unwavering commitment to serving their client's best interest. With
their competitive marketing technology and expansive global database,
the division has earned a reputation for excellence in execution. In
California, they are currently selling Foothill
in Vista, CA and several other centers. For more information,
please view our available
shopping center inventory.

leader in Shopping Centers, STNL, Multifamily, Management, Portfolio
Disposition and 1031 Exchange programs. The firm is headquartered in El
Segundo, CA and serves clients throughout the United States and Canada.
For more information, please visit

View Comments and Join the Discussion!