Updated Jun 20, 2025
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
About this deal
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.
On the Map
$3,600,000
Development Site
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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