Sterling Pacific Corp | 370 W Grand Blvd
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Sterling Pacific Corp 370 W Grand Blvd
6,250 SF 100% Leased Office Building Corona, CA 92882 $2,250,000 ($360/SF) 5.43% Cap Rate
INVESTMENT HIGHLIGHTS
- This Office building is an owner-user investment located in the heart of Corona, featuring prime Grand Blvd.
- Great locations: frontage, ample parking, near freeway exits, next door to Post Office.
- 15 total tenants and several short-term lease expirations, it offers significant upside potential for investors.
EXECUTIVE SUMMARY
Partially Leased Office Investment in the Heart of Corona
Leases expiring in 2024
15 Total Tenants
Ample Parking 25 spaces plus 2 Handicapped
Several Short-term Lease Expirations
Just a block away from Corona City Hall and the Courthouse.
Brand New pavement of Grand Blvd.
Leases expiring in 2024
15 Total Tenants
Ample Parking 25 spaces plus 2 Handicapped
Several Short-term Lease Expirations
Just a block away from Corona City Hall and the Courthouse.
Brand New pavement of Grand Blvd.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
6,250 SF
Building Class
B
Year Built
1988
Price
$2,250,000
Price Per SF
$360
Cap Rate
5.43%
NOI
$122,281
Percent Leased
100%
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
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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Biopharmadev, Inc.
- Retailer
- 1,192 SF
- -
- Modified Gross
- -
- Dolled Up By Nayah
- Services
- 201 SF
- -
- Modified Gross
- -
- Dunn Accounting
- Professional, Scientific, and Technical Services
- -
- -
- Modified Gross
- Nov 2024
- Focalone Soft Inc
- Professional, Scientific, and Technical Services
- 225 SF
- -
- Modified Gross
- -
- Marathon Cleaning
- Services
- 214 SF
- -
- Modified Gross
- -
- Shield Protection
- Services
- 360 SF
- -
- Modified Gross
- -
- Your Tax Geeks
- Professional, Scientific, and Technical Services
- 700 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Biopharmadev, Inc. | Retailer | 1,192 SF | - | Modified Gross | - | |
| Dolled Up By Nayah | Services | 201 SF | - | Modified Gross | - | |
| Dunn Accounting | Professional, Scientific, and Technical Services | - | - | Modified Gross | Nov 2024 | |
| Focalone Soft Inc | Professional, Scientific, and Technical Services | 225 SF | - | Modified Gross | - | |
| Marathon Cleaning | Services | 214 SF | - | Modified Gross | - | |
| Shield Protection | Services | 360 SF | - | Modified Gross | - | |
| Your Tax Geeks | Professional, Scientific, and Technical Services | 700 SF | - | - | - |
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 117-340-017 | Improvements Assessment | $612,220 |
| Land Assessment | $371,699 | Total Assessment | $983,919 |
PROPERTY TAXES
Parcel Number
117-340-017
Land Assessment
$371,699
Improvements Assessment
$612,220
Total Assessment
$983,919
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Sterling Pacific Corp | 370 W Grand Blvd
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