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610 West Grand Boulevard, C...

Max Salehi Acquires Mixed-Use Property On W. Grand Blvd. In Corona For $2.01M
SOLDMixed-use

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

Blake Torgerson

CBRE

Broker

$286.1M

vol

48 deals

Broker

Grant Lin

Seller

$114.5M

vol

10 deals

Seller

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