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111 24 Northern Boulevard

Urena Construction & Design Acquires Development Site At 111-24 Northern Boulevard For $1.4M
SOLDDevelopment Site

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

John Lagoudis

Aegean Commercial Capital

Broker

$166.7M

vol

12 deals

Broker
Realty Executives
Realty ExecutivesBrokerage

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