Urena Construction & Design Acquires Development Site At 111-24 Northern Boulevard For $1.4M
111 24 Northern Boulevard
$1,400,000
$560/SF
Building Size
2,500 SF
Asset Type
Development Site
Closing
Jan 6, 2026
AI
The asset involved in this transaction is a development site located at 111-24 Northern Boulevard in Corona. The sale price is recorded at $1,400,000. The property has a building square footage of 9,798 with a price per building square foot of $142. Additionally, the site offers a total square footage of 2,500 and a price per square foot of $560.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Building Square Footage: 9,798
- Price per Building Square Foot: $142
- Total Square Footage: 2,500
- Price per Square Foot: $560
- Buyer: Urena Construction & Design
- Broker: John Lagoudis - Realty Executives
The deal was facilitated by broker John Lagoudis representing Realty Executives, who played a significant role in the transaction with Urena Construction & Design as the buyer. This partnership results in a successful transfer of the development site in the defined market area.
Players
Corona Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93