August.08.2021 - Newport Beach, CA-based OneV Capital announces completion of more than $38 million in recent commercial property transactions.
OneV Capital recently completed the disposition of Yukon Square in Torrance, CA. Yukon Square was a 20,000 square foot shopping center. The OneV Capital team immediately went to work to renovate the property and was able to add substantial value through renewing leases and leasing up vacant spaces. OneV was also able to replace the previous liquor store tenant and secure a brand new lease with 7-Eleven. At disposition, the property sold for nearly $9,000,000, resulting in a 43% return on investment to OneV investors.
The OneV team is also pleased to announce the acquisition of five Orange County shopping centers in Garden Grove, CA, totaling more than $23,000,000. Included in the acquisition are Chapman Plaza, The Shops at Clinton, Westrox center, Little Saigon Square, and Old Town Tustin Strip, all of which were underutilized at acquisition. These properties provide a significant opportunity to add value and create a stabilized cash flow asset through property renovation, lease renewals, and new tenants.
With another $8,000,000 in transactions planned in 2021, OneV Capital is charging ahead on its mission to create substantial value for its investors while also improving the quality of its properties for tenants and the surrounding community alike.
About OneV Capital: Mr. Brian Nguyen and his team are an experienced real estate investment group with over 30 years of combined real estate experience who focus on acquiring below-market properties to bring their rents to market rates.
Other recent dispositions of OneV Capital include a shopping center in the city of Orange, which yielded a 59% profit in just over eight months and La Palma Court in Anaheim, which sold after a brief marketing period and was exchanged into stabilized income-producing properties in Southern CA.
To name a few, OneV Capital’s current holdings include University Plaza in Pomona, CA (recently completed refinance at a value of $12,500,000, representing an 86% increase in value), Hacienda Village in Hacienda Heights, CA (extensive renovations recently completed and pro forma rents have already been exceeded), and CVS in West Covina, CA (stabilized cash flow asset).