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
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