Barret Woods & OERP LLC Acquires Retail Property In Corona For $47.4M
2780 Cabot Dr, Corona, CA, USA
$47,400,000
$135/SF
Building Size
351,200 SF
Asset Type
Retail
Closing
Dec 2, 2021
AI
The retail property located at 2780 Cabot Dr. in Corona has been sold for a total of $47,400,000. The property spans across 47.4 acres and has a total square footage of 351,200. The sale price per square foot is $135. The transaction took place on 12/2/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $47,400,000
- Address: 2780 Cabot Dr., Corona
- Market: Corona
- Acres: 47.4
- Buyer: Barret Woods & OERP LLC
- Brokers: Steve Liu, Roger Niez, Nikki Liu, Daniel Vlessing & Mohit Uppal - NAI Capital Commercial
The buyer of the retail property is Barret Woods & OERP LLC. They were represented by brokers Steve Liu, Roger Niez, Nikki Liu, Daniel Vlessing, and Mohit Uppal from NAI Capital Commercial.
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
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93