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55 30 98 Pl

Development Site At 55-30 98 Place In Corona Sold For $3.6M With Ripco Brokers
SOLDDevelopment Site

Development Site At 55-30 98 Place In Corona Sold For $3.6M With Ripco Brokers

55 30 98 Pl

$3,600,000

Building Size

Asset Type

Development Site

Closing

May 14, 2025

AI

The property involved in the transaction is a development site located at 55-30 98 Place in the Corona market. The sale price was $3,600,000, with a building square footage of 25,823, resulting in a price per building square foot of $139.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Address: 55-30 98 Place
  • Market: Corona
  • BSF: 25,823
  • PPBSF: $139

The deal was facilitated by brokers Stephen R. Preuss Sr., Alex Svetlakou, Kevin Louie, and Eric Delafraz from Ripco, representing the interests related to the transaction.

Players

Alex Svetlakou

Ripco

Broker

$34.5M

vol

12 deals

Broker
Ripco
RipcoBrokerage

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93