Faris Lee Investments Sells Crunch Fitness Property In Corona For $5.2M In 23 Days

The property involved in this transaction is a retail asset located at 1292 Border Avenue in the market of Corona. It has a total size of 17,956 square feet and spans across 1.32 acres. The sale price for this property was $5,200,000, translating to a price per square foot of $290.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,200,000
• Sale Date: 05/02/2025
• Address: 1292 Border Avenue
• Market: Corona
• Acres: 1.32
• Square Footage: 17,956
• Price Per Square Foot: $290

The transaction was facilitated by the brokerage firm Faris Lee Investments, represented by Greg Lukosky, Jeff Conover, Scott DeYoung, and Shaun Riley. Notably, the firm successfully closed this single-tenant Crunch Fitness property deal in 23 days, overcoming lease and management complexities and securing multiple offers despite the property being on the market for over three years with another brokerage.