5.25 Cap Guaranteed Industrial-Property Investment

For Sale

1131 Olympic Dr, Corona, CA 92881

This Corona property for sale is located at 1131 Olympic Dr. The current listed sale price for 5.25 Cap Guaranteed Industrial-Property Investment is $7,300,000. 5.25 Cap Guaranteed Industrial-Property Investment is situated on a lot that is 1.29 acre in size.

Contacts

broker

Leo Gao

Hebron Equities

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 26,081 SF
  • Units 2
  • Lot Size 1.29 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 38
  • Parking Ratio 1.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1990
  • Year Renovated 2020
  • Date Updated Oct 15, 2024
  • Dock High Doors 2
  • Grade Level Doors 2
  • Office Area 3,393 SF
  • Electricity Service 2000 amps with 277/480 Volt, 3 phase
  • Fire Sprinklers Other
  • HVAC Other
Just off the I-15 freeway at the Magnolia Ave exit. It is located in an industrial area. According to STDB, approximately 70% of the housing stock in Corona was built between 1980-2009. The subject is not located within a liquefaction seismic hazard zone, not an earthquake-induced landslide hazard zone, or an Alquist-Priolo earthquake fault zone.This industrial property is for a 1031 investment opportunity. It's fully leased to two tenants with a high possibility of renewing longer leases. The lease type of both current leases is Industrial Gross with a 3% yearly increase and may convert to NNN lease when renewed. The year 2026 Market Rent is calculated based on $1.15 NNN.

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Highlights

  • A 5.25% cap rate is guaranteed by the Seller. Contact the listing broker for details.
  • Seller may carry the loan
  • It is fully leased: unit #1 includes both a warehouse and offices, while Unit #2 is solely an office space
  • M-4 Industrial Park Zoning. Light Manufacturing is allowed.
  • 2 Loading Dock High Doors
  • Fenced yard with 6-8 trailer parking spaces
  • Total 3 restrooms including 1 restroom in the warehouse area and 2 restrooms in the office area

Getting around

  • 68/100

    Walk Score ®

  • 23/100

    Transit Score ®

  • 42/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Corona, CA
  • Zip Code 92881
  • Market Inland Empire

Points of Interest

  • Corona–North Main

    1.93 miles

  • Pedley

    9.04 miles

  • Chevron

    0.55 miles

  • Sam's Club

    1.07 miles

  • 76

    1.11 miles

  • Arco

    1.16 miles

  • Vons 2596 Fuel Station

    1.27 miles

  • Shell

    1.32 miles

  • RS Service Gasoline

    1.35 miles

  • Corona Supercharger

    2.81 miles

  • eVgo

    5.13 miles

  • Eastvale - Limonite Ave SuperCharger

    8.05 miles

  • Norco Hills Car Wash

    3.57 miles

  • Norco Car & Truck Wash

    3.82 miles

  • Chevron

    4.15 miles

  • 76

    4.21 miles

  • Super Star Car Wash

    5.60 miles

  • Teunissen Car Wash

    6.99 miles

  • Enterprise

    7.71 miles

  • Quick Quack Car Wash

    7.84 miles

  • Elite Express Car Wash

    7.92 miles

  • Classic Touch Carwash & Auto Detail

    7.93 miles

  • McDonald's

    0.37 miles

  • Country Kitchen

    0.39 miles

  • Island's

    0.52 miles

  • Jack in the Box

    0.57 miles

  • Raising Cane's

    0.79 miles

  • MOD Pizza

    0.80 miles

  • Dunkin'

    0.80 miles

  • Del Taco

    0.81 miles

  • Chipotle

    0.87 miles

  • The Flame Broiler

    0.87 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Leo Gao

Hebron Equities