Updated Dec 21, 2023
Progressive Real Estate Brokers Corona Retail Property For $5.7M At 465 McKinley St
465 McKinley St, Corona, CA 92879, USA
$5,700,000
$176/SF
Building Size
32,234 SF
Asset Type
Retail
Closing
Jul 7, 2020
About this deal
AI
Victor Buendia of Progressive Real Estate represented both the buyer and the seller in the recent sale of a retail property located at 465 McKinley St in Corona. The transaction took place on July 8, 2020, and the property was sold for a total price of $5,700,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 465 McKinley St
- Market: Corona
- Square Footage: 32,234
- Price per Square Foot: $176
This sale was facilitated by Victor Buendia of Progressive Real Estate, who represented both the buyer and the seller. With a square footage of 32,234 and a price per square foot of $176, this retail property offers a significant investment opportunity in the bustling market of Corona.
Players
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93