facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

109 N McKinley St, Corona, ...

Expert Hardware Flooring Acquires Retail Property In Corona For $4.8M
SOLDRetail

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

Greg Bedell

Progressive Real Estate Partners

Broker

$176.4M

vol

33 deals

Broker

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