Daily limit: 0/10
Clear Capital Acquires 76-Unit Multifamily Property In Corona For $19.4M
SOLD
$19,400,000
California
See Similar DealsMultiFamily
Sold 06/28/2023
SOLD
Clear Capital Acquires 76-Unit Multifamily Property In Corona For $19.4M
1211 W 6th St Corona, CA 92882, USA
See Similar DealsMultiFamily
Sold 06/28/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
Clear Capital has acquired Aspire Corona, a 76-unit apartment property in Corona, California, for $19.4 million. The property offers one- and two-bedroom units, community amenities, and convenient access to Route 91 and local retail options.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,400,000
- Address: 1211 West 6th Street, Corona, California
- Market: Corona
- Units: 76
- Price Per Unit: $255,263
The buyer, Clear Capital, was represented by Duane Andrews. The seller in the transaction was Sharo Khastoo.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,034,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$68,924.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,965.90
Annual Debt Service$1,103,590.77
Is there something missing? Send suggestions
