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2780 Cabot Dr, Corona, CA, USA

Barret Woods & OERP LLC Acquires Retail Property In Corona For $47.4M
SOLDRetail

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

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

Steve Liu

NAI Global

Broker

$69.7M

vol

5 deals

Broker
OL
OERP LLCBuyer

Corona Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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