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Sterling Pacific Corp 370 W Grand Blvd 6,250 SF 95% Leased Office Building Corona, CA 92882 $2,250,000 ($360/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
$2,250,000
Price Per SF
$360
Cap Rate
5.44%
NOI
$122,400
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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Alan Wager, LMFT
- -
- -
- -
- -
- American Services
- Real Estate
- -
- -
- -
- Apl Body Sculpting
- Services
- -
- -
- -
- Clerical Office
- -
- -
- -
- -
- Dunn Accounting
- Professional, Scientific, and Technical Services
- -
- -
- -
- Hennel Health
- Health Care and Social Assistance
- -
- -
- -
- Razor's Edge
- Services
- -
- -
- -
- Strong & Steele
- Professional, Scientific, and Technical Services
- -
- -
- -
- Surety Escrow Inc.
- -
- -
- -
- -
- Younger & Assoc
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Alan Wager, LMFT | - | - | - | - | ||
| American Services | Real Estate | - | - | - | ||
| Apl Body Sculpting | Services | - | - | - | ||
| Clerical Office | - | - | - | - | ||
| Dunn Accounting | Professional, Scientific, and Technical Services | - | - | - | ||
| Hennel Health | Health Care and Social Assistance | - | - | - | ||
| Razor's Edge | Services | - | - | - | ||
| Strong & Steele | Professional, Scientific, and Technical Services | - | - | - | ||
| Surety Escrow Inc. | - | - | - | - | ||
| Younger & Assoc | Professional, Scientific, and Technical Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste 202
- 300 SF
- Office
- Full Build-Out
- Now
| 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 |
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 117-340-017 | Improvements Assessment | $636,953 |
| Land Assessment | $386,714 | Total Assessment | $1,023,667 |
PROPERTY TAXES
Parcel Number
117-340-017
Land Assessment
$386,714
Improvements Assessment
$636,953
Total Assessment
$1,023,667
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Sterling Pacific Corp | 370 W Grand Blvd
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