Updated Oct 29, 2024
Tamshell Corporation Acquires 31,128 SF Industrial Property In Corona For $10.5M
545 Monica Cir Corona, CA 92878, USA
$10,500,000
$337/SF
Building Size
31,128 SF
Asset Type
Industrial
Closing
Aug 10, 2023
About this deal
AI
Tamshell Corporation has purchased a 31,128-square-foot industrial property in Corona's active industrial market. The property, located at 545 Monica Circle, was acquired for $10.5 million. This acquisition aligns with Tamshell Corporation's expertise in manufacturing plastics and soft metal components.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,500,000
- Address: 545 Monica Circle
- Market: Corona
- Square Footage: 31,128
The buyer of the property is Tamshell Corporation, a company known for its manufacturing of plastics and soft metal components. The representatives from Tamshell Corporation involved in the deal are John Hernandez and Art Pierce. The seller of the property is Rick Egelin.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93