511 N Main St - Storefront Retail/Office FOR SALE
Corona, CA 92880 |
511 N Main St
Corona, CA 92880
HIGHLIGHTS
- Leasehold Investment | Value Add Multi-Tenant Retail Center – 85% Occupied
- Over $600,000 of Renovations Completed in 2019 & 2020: Roof & HVACs Replacement, Façade Renovation, Parking Lot Repairs, Monument Signage, Landscaping
- Leasehold Investment (Improvements Only) – Attractive Financing Options Available (Inquire for Details)
- Fully Depreciable Asset – Potential to Depreciate 100% of Asset Purchase Price
- High Yield Income Opportunity – As-Is Cap Rate: 8% | Stabilized Cap Rate: 13.72% (Year 2)
- Strong Leasing Momentum - Over 8,000 SF in New Leases Signed Since 2020
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Leasehold Investment - Shops at Main St.
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
16744
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
119-280-047
