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

Property Image
SOLD
$37,000,000
Jim deRegt
Richard Schwartz
+ 1

California

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Industrial210,345 SF
Sold
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Property Image
SOLD

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

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

See Similar Deals
Industrial210,345 SF
Sold
Jim deRegt
Richard Schwartz
+ 1
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:210345 SF
Transaction Type:Sale

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
3 deals$72.6M volume(949) 887-2010
BROKER

Joey Reaume
Colliers
4 deals$382.8M volume
BROKER

Richard Schwartz
Colliers
6 deals$441.7M volume
BROKER

Tommy Gilmore
Colliers
1 deal$37M volume
BROKER

EverWest Real Estate Investors
BUYER

Details

SOLD
IMAGE: IMAGE: Erik Good, Richard Schwartz, Joey Reaume, Tommy Gilmore & Jim deRegt DATE: 06/15/2020 ADDRESS: 1560 E. 6th St MARKET: Corona ASSET TYPE: Industrial PRICE: $37,000,000 SF: 210,345 PPSF: $175 BUYER: EverWest Real Estate Investors – Erik Good BROKERS: Richard Schwartz, Joey Reaume & Tommy Gilmore – Colliers International, Jim deRegt – Lee & […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,973,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$131,453.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,398.88
Annual Debt Service$2,104,786.52