Updated Sep 11, 2026
SRS Real Estate Partners Facilitates $4.46M Sale Of Quick Quack Car Wash Property
850 N Main St Corona, CA 92880, USA
$4,460,000
$1,240/SF
Building Size
3,595 SF
Asset Type
Retail
Closing
May 12, 2023
About this deal
AI
SRS Real Estate Partners' National Net Lease Group (NNLG) recently concluded the ground lease sale of a 3,595-square-foot retail property located at 850 North Main Street in Corona. The property was occupied by Quick Quack Car Wash and was sold for a price of $4,460,000, resulting in a price per square foot of $1,241.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,460,000
- Address: 850 North Main Street
- Market: Corona
- Acres: 1
In this transaction, the seller, a private developer from Southern California, was represented by Matthew Mousavi and Patrick Luther of National Net Lease Group (NNLG) at SRS Real Estate Partners. On the buyer's side, a Southern California-based private investor was represented by Kurt Yacko of DAUM Commercial.
On the Map
$4,460,000
$1,240/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93