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Sterling Pacific Corp 370 W Grand Blvd 6,250 SF 95% Leased Office Building Corona, CA 92882 $3,112,627 CAD ($498.02 CAD/SF) 5.44% Cap Rate
EXECUTIVE SUMMARY
Potential for Residential Redevelopment
High Image Two-Story Freestanding Office Building
Short Term Leases in Place for Investor to Come in and Immediately Boost Rates
Significant Upside Potential to New Buyers Looking to Upgrade Facilities
Exceptional Owner/User or Investment Opportunity
14 Tenants in Currently in Place
12 HVAC Units Servicing Building
Efficient Layout, Small Suites & Abundance of Natural Light
Ground Floor Entrance off the Parking Lot
Building Top Signage Available
28 Free Surface Parking (4.48:1,000 SF)
Close Proximity to Irvine Spectrum Center & Cypress Village Shopping Center
Situated Next Door to United States Postal Service
Immediate Access to the 91 & 15 FWYS
Aggressive SBA (10% Down) & Conventional Lending (15-25% Down) Possible
Professionally Managed Office Building
High Image Two-Story Freestanding Office Building
Short Term Leases in Place for Investor to Come in and Immediately Boost Rates
Significant Upside Potential to New Buyers Looking to Upgrade Facilities
Exceptional Owner/User or Investment Opportunity
14 Tenants in Currently in Place
12 HVAC Units Servicing Building
Efficient Layout, Small Suites & Abundance of Natural Light
Ground Floor Entrance off the Parking Lot
Building Top Signage Available
28 Free Surface Parking (4.48:1,000 SF)
Close Proximity to Irvine Spectrum Center & Cypress Village Shopping Center
Situated Next Door to United States Postal Service
Immediate Access to the 91 & 15 FWYS
Aggressive SBA (10% Down) & Conventional Lending (15-25% Down) Possible
Professionally Managed Office Building
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
6,250 SF
Building Class
B
Year Built
1988
Price
$3,112,627 CAD
Price Per SF
$498.02 CAD
Cap Rate
5.44%
NOI
$169,327 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,125 SF
Slab To Slab
12’
Building FAR
0.28
Lot Size
0.52 AC
Zoning
C-2 - Restricted Commercial (C-2) per the City of Corona, CA. Potential for Residential redevelopment
Parking
27 Spaces (4.32 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Courtyard
- Signage
- Kitchen
- Central Heating
- Wi-Fi
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 202 | 300 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 202
| Size |
| 300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 202
| Size | 300 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 117-340-017 | Improvements Assessment | $881,154 CAD |
| Land Assessment | $534,976 CAD | Total Assessment | $1,416,131 CAD |
PROPERTY TAXES
Parcel Number
117-340-017
Land Assessment
$534,976 CAD
Improvements Assessment
$881,154 CAD
Total Assessment
$1,416,131 CAD
1 of 28
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Sterling Pacific Corp | 370 W Grand Blvd
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