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370 W Grand Blvd
Corona, CA 92882
Sterling Pacific Corp · Office Property For Sale


Executive Summary
Exceptional opportunity to acquire a well-located office building in the heart of Corona.? The building features a functional office layout suitable for a variety of professional uses including medical, legal, accounting, insurance, real estate, or general administrative offices.? Interior configurations offer private offices, open work areas, and support spaces, providing flexibility for both owner-users and investors.? 5.44% Cap Rate This asset presents a strong opportunity for: *Owner-user occupancy *Value-add renovation *Long-term investment with stable demand for office space in the area *100% occupied Ideal for buyers seeking a strategically located office building in a growing and business-friendly market.? • Situated along the highly visible Grand Boulevard corridor, this property benefits from strong street exposure, convenient access to major thoroughfares, and proximity to downtown Corona amenities, City Hall, courthouses, restaurants, and retail services.? The property is positioned on a generous parcel with on-site parking and easy ingress/egress, enhancing tenant and client convenience.? Its central location provides quick access to the 91 Freeway and other major transportation routes, making it ideal for businesses serving the greater Inland Empire.
• LEASED UNITS: 1st Floor Units
101 - CTL Chiropractic size 222 SQ FT 102 - Marathon Cleaning 214 SQ FT 103 - Focalone Soft Inc 224 SQ FT 104 - N.K Braiding 286 SQ FT 106 - Dunn Accounting 420 SQ FT 107 - Galvez Dental Ceramics 320 SQ FT 110 - Bio Pharm Dev 1192 SQ FT
2nd Floor Units 202 - Best Buy Realty 290 SQ FT 203 - Silver Oaks 275 SQ FT 204 - Shield Protection 360 SQ FT 205 - Multi Servicios Hispanos 308 SQ FT 206 - Dolled Up By Nyah 201 SQ FT 207 - Blissfull Organix 560 SQ FT 208 - Your Tax Geeks 695 SQ FT 209 - General Employee Association 438 SQ FT
• Monthly Expenses: Electric $900 HVAC $70 Water $280 Trash $236 Landscaping $315 Janitorial Cleaning $300 Property Insurance $275 Property Taxes $833 TOTAL MONTHLY EXPENSES $3,209
• LEASED UNITS: 1st Floor Units
101 - CTL Chiropractic size 222 SQ FT 102 - Marathon Cleaning 214 SQ FT 103 - Focalone Soft Inc 224 SQ FT 104 - N.K Braiding 286 SQ FT 106 - Dunn Accounting 420 SQ FT 107 - Galvez Dental Ceramics 320 SQ FT 110 - Bio Pharm Dev 1192 SQ FT
2nd Floor Units 202 - Best Buy Realty 290 SQ FT 203 - Silver Oaks 275 SQ FT 204 - Shield Protection 360 SQ FT 205 - Multi Servicios Hispanos 308 SQ FT 206 - Dolled Up By Nyah 201 SQ FT 207 - Blissfull Organix 560 SQ FT 208 - Your Tax Geeks 695 SQ FT 209 - General Employee Association 438 SQ FT
• Monthly Expenses: Electric $900 HVAC $70 Water $280 Trash $236 Landscaping $315 Janitorial Cleaning $300 Property Insurance $275 Property Taxes $833 TOTAL MONTHLY EXPENSES $3,209
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,250 SF
Building Class
B
Year Built
1988
Price
$2,199,999
Price Per SF
$352.00
Cap Rate
5.56%
NOI
$122,400
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. 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
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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