Max Salehi Acquires Mixed-Use Property On W. Grand Blvd. In Corona For $2.01M
610 West Grand Boulevard, Corona, California 92882, United States
$2,005,000
$337/SF
Building Size
5,935 SF
Asset Type
Mixed-use
Closing
Dec 21, 2021
AI
The mixed-use property located at 610-612 W. Grand Blvd. in Corona has been sold for a total price of $2,005,000. The transaction took place on 12/21/2021. The property spans a total area of 5,935 square feet, resulting in a price per square foot of $337. The sale was facilitated by brokers Eric Chen and Blake Torgerson from CBRE. The buyer, Max Salehi, acquired the property from the seller, Grant Lin.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,005,000
Eric Chen and Blake Torgerson, representing CBRE, played a crucial role in the completion of this transaction. Their expertise and negotiation skills ensured a successful deal between Max Salehi, the buyer, and Grant Lin, the seller. The property's prime location in Corona's market added to its appeal and value during this transaction.
Players
Corona Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.91%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93