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

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.

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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