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

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.