Updated Nov 28, 2024
Condor Cold Storage & AEW Capital Management Secure $8.6M Loan For Industrial Property In Corona
300 El Sobrante Rd, Corona, CA 92879, USA
$8,600,000
$86/SF
Building Size
98,949 SF
Asset Type
Industrial
Closing
Jul 23, 2020
About this deal
AI
Condor Cold Storage & AEW Capital Management have closed a transaction in Corona. The industrial property located at 300 El Sobrante Rd and 1701 N. Delilah St has been involved in this deal. The property spans a total area of 98,949 square feet. The loan for this transaction was valued at $8,600,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,600,000
- Market: Corona
- Landlord: Condor Cold Storage & AEW Capital Management
- Brokers: Shaun Moothart, Bruce Francis, Robert Ybarra, Dana Summers, Doug Birrell & Jim Korinek
Shaun Moothart, Bruce Francis, Robert Ybarra, Dana Summers, Doug Birrell & Jim Korinek were the brokers involved in this deal. They represented the parties involved in the transaction.
On the Map
$8,600,000
$86/SF
Industrial
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Players
Corona Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93