Vanessa Haddad And Alan Krueger Of CBRE Handle $7.8M Retail Sale In Corona
SOLD
$7,800,000
California
See Similar DealsRetail60,000 SF
Sold 04/01/2024
SOLD
Vanessa Haddad And Alan Krueger Of CBRE Handle $7.8M Retail Sale In Corona
135 East Ontario Avenue, 175 East Ontario Avenue & 265 East Ontario Avenue
See Similar DealsRetail60,000 SF
Sold 04/01/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$130
Total Square Footage:60,000 SF
Transaction Type:Sale
The property located at 135, 175 & 265 East Ontario Avenue in Corona is a retail asset that was recently sold for $7,800,000. This property spans 20,000 square feet, resulting in a price per square foot of $390.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,800,000
- Address: 135, 175 & 265 East Ontario Avenue
- Market: Corona
- Brokers: Vanessa Haddad & Alan Krueger - CBRE
CBRE's Alan Krueger and Vanessa Haddad played a crucial role in the transaction, representing both the Buyer and Seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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