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1560 E 6th St, Corona, CA 9...

EverWest Real Estate Investors Acquires Industrial Property In Corona For $37M
SOLDIndustrial

EverWest Real Estate Investors Acquires Industrial Property In Corona For $37M

1560 E 6th St, Corona, CA 92879, USA

$37,000,000

$175/SF

Building Size

210,345 SF

Asset Type

Industrial

Closing

Jun 14, 2020

AI

The industrial property located at 1560 E. 6th St in Corona has been sold for a price of $37,000,000. The property spans a total area of 210,345 square feet, resulting in a price per square foot of $175.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $37,000,000
  • Address: 1560 E. 6th St
  • Market: Corona

EverWest Real Estate Investors, represented by Erik Good, acquired the property. The brokers involved in the deal were Richard Schwartz, Joey Reaume, and Tommy Gilmore from Colliers International, along with Jim deRegt from Lee & [...].

Players

Jim deRegt

Lee & Associates

Broker

$72.6M

vol

3 deals

Broker
EverWest Real Estate Investors
EverWest Real Estate InvestorsBuyer

Corona Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93