Daily limit: 0/10
Pacific Petroleum Inc. Acquires Main Street Village Retail Center In Corona For $7.8M
SOLD
$7,800,000
California
See Similar DealsRetail20,000 SF
Sold 04/17/2024
SOLD
Pacific Petroleum Inc. Acquires Main Street Village Retail Center In Corona For $7.8M
135 East Ontario Avenue
See Similar DealsRetail20,000 SF
Sold 04/17/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$390
Total Square Footage:20,000 SF
Transaction Type:Sale
The Main Street Village, a retail center in Corona, located at 135, 175, and 265 E. Ontario Ave., has been sold for $7.8 million. The property spans 20,000 square feet of retail space in the Inland Empire market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,800,000
- Buyer: Pacific Petroleum Inc.
- Seller: LJZ Corona LLC
- Address: 135, 175 & 265 East Ontario Avenue, Corona
- Market: Corona
- Square Footage: 20,000
- Price Per Square Foot: $390
- Brokers: Alan Krueger & Vanessa Haddad - CBRE
Alan Krueger and Vanessa Haddad of CBRE represented both the buyer, Pacific Petroleum Inc., and the seller, LJZ Corona LLC, in the sale of Main Street Village.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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
Is there something missing? Send suggestions