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
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