Updated Oct 28, 2024
EverWest Real Estate Investors Acquires Industrial Property In Corona For $15.3M
2395 Railroad Street, Corona, California 92878, United States
$15,300,000
$319/SF
Building Size
47,870 SF
Asset Type
Industrial
Closing
Mar 14, 2022
About this deal
AI
Located at 2395 Railroad St. in Corona, this industrial property was recently sold in a transaction facilitated by Michael Hefner of Voit Real Estate Services. The property spans approximately 47,870 square feet and was purchased by EverWest Real Estate Investors for $15,300,000. The sale price equates to a price per square foot of $319.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,300,000
- Address: 2395 Railroad St., Corona
- Market: Corona
- Buyer: EverWest Real Estate Investors
- Seller: Corona Investments
- Broker: Michael Hefner - Voit Real Estate Services
This transaction highlights the successful collaboration between EverWest Real Estate Investors, Corona Investments, and Michael Hefner of Voit Real Estate Services. With its ideal location in Corona, the industrial property offers significant potential for the buyer.
On the Map
$15,300,000
$319/SF
Industrial
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Players
Corona Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93