Anchored by Stater Bros. Market, the complex encompasses 19,530 sf. Other tenants here include Gymboree Play and Music, a dry cleaners business, a pet clinic and a couple of restaurants. The property stands at 18533-18549 Yorba Linda Blvd.
George Arce of Centers Dynamic acted on behalf of the Northern California-based buyer, Warren Wincorn. The seller, Yorba Linda East Partners Ltd., was represented by Nick Coo and Richard Walter of Faris Lee Investments. The transaction closed on "pro-forma income with a rent guarantee," according to the Faris Lee brokers.
The uncertain state of the current economy has investors clamoring for "safe" real estate investments like grocery-anchored centers. Industry experts say grocery-anchored properties tend to be a safe bet during economic downturns because they provide necessary goods, like food and medicine, which consumers will buy regardless of the recession.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.