1050 W 6th St - Bank FOR SALE


Corona, CA 92882
$3,790,000 USD
760-610-3147
1050 W 6th St, Corona, CA for Sale
$3,790,000 USD
Bank - FOR SALE
1/23
null | 5.75% Cap Rate

1050 W 6th St
Corona, CA 92882


HIGHLIGHTS

  • Continuously operated as a bank since July 1995 (initially Foothill Independent Bank), with a separate drive-thru ATM
  • The lease includes rare 3% fixed rental increases, along with a fair market value option
  • Current rent is $218,069/yr (˜ $3.06/SF/Mo NNN), versus an estimated market $4.50–$5.00/SF/Mo NNN for a retail user leveraging the drive-thru
  • Banc of California’s branch benefits from a strong and growing deposit base of over $990,000,000
  • Tenant is responsible for all building maintenance and repairs; landlord responsibilities are limited to roof and structure

OVERVIEW

CBRE is pleased to present a single tenant net leased Banc of California in Corona, CA. The property is prominently located along West 6th Street, one of Corona’s most visible and well-traveled commercial corridors, offering convenient access to both the SR-91 and I-15 freeways less than a mile away. Banc of California has operated a full-service branch at this site since 1995, underscoring its long-term commitment to the location. The property features a dedicated drive-thru ATM, enhancing customer convenience and supporting consistent branch traffic. The lease structure requires the tenant to handle all building maintenance and repairs, with the landlord responsible only for roof and structure, providing investors with stable, low-management income backed by a corporate guaranty from a leading regional financial institution.

FOR SALE DETAILS

PRICE

$3,790,000 USD

PRICE/SF

$638 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Banc of California Net Leased Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

C-3

APN/PARCEL ID

110-062-013

ASK ABOUT THIS PROPERTY

760-610-3147

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760-610-3147

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