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Avison Young Brokers Facilitate $4.27M Sale Of Office Property In Corona

Property Image
SOLD
$4,270,000

California

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Office20,891 SF
Sold
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Property Image
SOLD

Avison Young Brokers Facilitate $4.27M Sale Of Office Property In Corona

818 Magnolia Avenue, Corona, CA, USA

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Office20,891 SF
Sold
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$204
Total Square Footage:20891 SF
Transaction Type:Sale

Located in Corona, the office building at 818 & 830 Magnolia Avenue has recently been sold. The sale, which took place on January 27, 2021, was facilitated by brokers Michael Dettling and Steven Tronson from Avison Young. The property, spanning 20,891 square feet, was sold for a total of $4,270,000, resulting in a price per square foot of $204.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Amount: $4,270,000
  • Address: 818 & 830 Magnolia Avenue
  • Market: Corona
  • Brokers: Michael Dettling & Steven Tronson - Avison Young
  • Square Footage: 20,891
  • Price per Square Foot: $204

This successful transaction was made possible through the efforts of Michael Dettling and Steven Tronson from Avison Young. They represented the parties involved in the deal, ensuring a smooth and efficient process. The acquisition of the office building at 818 & 830 Magnolia Avenue represents a significant milestone for all parties involved.

Players

Michael Dettling
1 deal$4.3M volume
BROKER

Steven Tronson
Avison Young
2 deals$12.3M volume
BROKER

Details

SOLD
IMAGE: Michael Dettling & Steven Tronson DATE: 01/27/2021 ADDRESS: 818 & 830 Magnolia Avenue MARKET: Corona ASSET TYPE: Office BROKERS: Michael Dettling & Steven Tronson - Avison Young SALE PRICE: $4,270,000 SF: 20,891 ~ PPSF: $204

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,170.42
Cash-on-Cash Return-1.27%
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