Expert Hardware Flooring Acquires Retail Property In Corona For $4.8M
109 N McKinley St, Corona, CA, USA
$4,800,000
$87/SF
Building Size
55,000 SF
Asset Type
Retail
Closing
Jan 20, 2021
AI
The property involved in this closed transaction is a retail asset located at 109 N. McKinley St. in Corona. It was sold by a buyer named Expert Hardware Flooring. The transaction took place on January 21, 2021, and the property was listed at a price of $4,800,000. The retail space covers an area of 55,000 square feet, resulting in a price per square foot of $87.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
- Market: Corona
- Square Footage: 55,000
- Price Per Square Foot: $87
The deal was facilitated by the brokers Greg Bedell and Paul Su from Progressive Real Estate Partners, along with Barrett Woods from Lee & Associates.
Players
Corona Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93