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2395 Railroad Street, Coron...

EverWest Real Estate Investors Acquires Industrial Property In Corona For $15.3M
SOLDIndustrial

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

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.

Players

Michael Hefner

Voit Real Estate Services

Broker

$257.4M

vol

9 deals

Broker
EverWest Real Estate Investors
EverWest Real Estate InvestorsBuyer

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