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1818 Capital Acquires Development Site In Corona For $2.1M With Brokers Kyle Pari & Rafi Jacobi

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SOLD
$2,100,000

California

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Development Site21,000 SF
Sold 07/02/2020
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Property Image
SOLD

1818 Capital Acquires Development Site In Corona For $2.1M With Brokers Kyle Pari & Rafi Jacobi

1818 W 6th St, Corona, CA 92882, USA

See Similar Deals
Development Site21,000 SF
Sold 07/02/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$100
Total Square Footage:21,000 SF
Transaction Type:Sale

The development site located at 1818 W 6th Street in Corona was sold in a closed transaction. The buyer, 1818 Capital, acquired the property for a price of $2,100,000. The site has a building square footage (BSF) of 21,000 and a price per building square footage (PPBSF) of $100. This transaction took place on 07/02/2020, amidst the Covid-19 pandemic, and set a record as the highest price per square foot comp in the entire city.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $2,100,000
  • Address: 1818 W 6th Street, Corona
  • Market: Corona
  • Buyer: 1818 Capital
  • Brokers: Kyle Pari & Rafi Jacobi
  • BSF: 21,000
  • PPBSF: $100

Kyle Pari and Rafi Jacobi, representing the buyer 1818 Capital, played a crucial role as brokers in this deal. They successfully closed the transaction during a challenging period caused by the Covid-19 pandemic.

Players

Kyle Pari
Matthews
Kyle Pari
10 deals$29.5M volume(310) 499-8123
BROKER

Details

SOLD
IMAGE: IMAGE: @KylePari & @RafiJacobi DATE: 07/02/2020 ADDRESS: 1818 W 6th Street MARKET: Corona ASSET TYPE: Development Site BUYER: 1818 Capital BROKERS: Kyle Pari & Rafi Jacobi PRICE: $2,100,000 BSF: 21,000 PPBSF: $100 NOTES: This deal closed in the middle of the Covid-19 pandemic at the highest price per sq comp in the entire city […]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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