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33460639
33460571

2275 South Main Street, Corona, CA 92879

GM
CA CA 01318932
Ashwill Associates Commercial Real Estate
CA
CA 01972085
Ashwill Associates Commercial Real Estate
Listed by Ashwill Associates Commercial Real Estate
$8,900,000
3 days on market
Updated 3 days ago

STABLE INCOME ASSET - DESIRABLE BUSINESS CORRIDOR

Details
APN 113360040
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 44,116
Units 173
Cap Rate 7.35%
NOI $654,514
Occupancy 100%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 9.07%
Pro-Forma NOI $806,970
Price per SqFt $202
Class A
Year Built 2004
Stories 2
Lot Size (SqFt) 110,642
Zoning Specific Plan - Subdistrict 3
Parking Spaces spaces
Investment Type Stabilized

100% Occupied - Prime Corona Location - Rising Rents - Affluent Demographics

Marketing description

South Main Business Center offers investors the opportunity to acquire a 100% occupied, multi-tenant office asset strategically located in Corona, one of the Inland Empire's most desirable and rapidly growing business markets. Situated on approximately 2.54 acres, the property consists of ±44,116 square feet of professional office space and features a diversified tenant roster providing stable and predictable cash flow. Constructed in 2004 and professionally maintained, the property has a demonstrated history of strong occupancy and long-term tenant retention.

Located along South Main Street with convenient access to both the 91 and I-15 Freeways, the property benefits from exceptional regional connectivity and proximity to major retail, medical, and business amenities. The Corona office market continues to be supported by declining vacancy, rising rental rates, affluent demographics, and a strong daytime population, creating favorable conditions for long-term income growth and value appreciation.

South Main Business Center is a 100% occupied investment in a desirable market area with limited competing office inventory. Property has ample parking, flexible office and medical zoning, and potential future rent growth. This is an opportunity to acquire a stabilized investment property in a high-demand Southern California market.

Investment highlights

  • 100% Occupied Multi-Tenant Office Investment
  • ±44,116 SF Building on ±2.54 Acres
  • Diversified Tenant Base
  • Historically Strong Occupancy
  • Rising Rental Rate Environment
  • Declining Market Vacancy
  • Affluent Demographics & Strong Daytime Population
  • Convenient Access to the 91 & I-15 Freeways
  • Professionally Managed and Well Maintained
  • Elevator Served

Listing Contacts

GM
CA CA 01318932
Ashwill Associates Commercial Real Estate
CA
CA 01972085
Ashwill Associates Commercial Real Estate
Listed by Ashwill Associates Commercial Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$654,514.00
$54,542.83/mo

Valuation Metrics

0
DSCR
7.35%
Cap Rate
7.35%
ROI

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Additional Information

Name
Gary Martinez
License
CA 01318932
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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