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- LoopNet Team
4180 Green River Rd
Corona, CA 92878
± 8,708 SF Free Standing Building with Yard · Property For Lease
HIGHLIGHTS
- Property features 645,000 people within a 20-minute drive; 2.33M within a 30-minute drive.
- Rare opportunity to acquire a totally freestanding structure with privacy gate and yard areas.
- As an owner, you can benefit from potential appreciation of the asset.
- 1 Mile from Green River Road 91 Freeway Exit.
- The subject property can be purchased or lease. Purchase financing is available to owner-users through the Small Business Administration.
PROPERTY FACTS
| Property Type | Retail | Year Built | 1992 |
| Property Subtype | Freestanding | Parking Ratio | 1.15/1,000 SF |
| Gross Leasable Area | 8,708 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 8,708 SF |
| Year Built | 1992 |
| Parking Ratio | 1.15/1,000 SF |
ABOUT THE PROPERTY
FREESTANDING BUILDING WITH ±2.4 MILLION PEOPLE WITHIN A 30-MINUTE DRIVE Highly Centralized 3-County Juncture (Riverside, Orange, and San Bernardino) – Property features 645,000 people within a 20-minute drive; 2.33M within a 30-minute drive. 1 Mile from Green River Road 91 Freeway Exit – Offering potential customers and/or employees quick and easy access to the property. Affluent Demographics – $116,600 average household income within 10-minute drive; $132,000 within 30-minute drive. Freestanding with Excess Land – Rare opportunity to acquire a totally freestanding structure with privacy gate and yard areas that could be used for storage, recreation, play areas, or potential expansion. Dedicated & Reciprocal Parking – The property benefits from reciprocal parking with the adjacent Green River Promenade retail/office development (±123,000 SF), but also enjoys 11 dedicated onsite parking spaces situated behind the privacy gate. No other portion of the Green River Promenade development enjoys dedicated parking. RARE OPPORTUNITY TO PURCHASE INSTEAD OF LEASE The subject property can be purchased or lease. Purchase financing is available to owner-users through the Small Business Administration at record low interest rates. Down payments can be as little as 10%. If purchased with 10% down (±$295,000), the monthly loan payment is estimated at $13,127/month. This equates to $1.51/SF – less than the estimated market lease rate for similar space in the trade area. After removing principal paydown and accounting for just the interest portion of the monthly payment, the cost to occupy (and own) this building is approximately $0.75/SF – less than half the asking lease rate. Owner-user buyer can further lower their occupancy cost by lease a portion of the building. The SBA requires buyers to occupy at least 51% of the property, leaving the other 49% open to leasing. As an owner, you can benefit from potential appreciation of the asset.
