5.5 Cap Industrial-Property Investment

1131 Olympic Dr, Corona, CA 92881

  • For Sale $7,772,138
  • Property Type Industrial - Manufacturing
  • Property Size 26,081 SF
  • Units 2
  • Lot Size 1.29 Acre
  • Parking Spaces Avail. 38
  • Parking Ratio 1.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1990
  • Year Renovated 2020
  • Date Updated Apr 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 presents a prime investment opportunity. It's fully leased to two tenants, with the current lease expiring on 1/31/2026. The warehouse unit has one 5-year renewal option at market rent. The lease type of both current leases is Industrial Gross with a 3% yearly increase. The year 2026 Market Rent is calculated based on $1.30 NNN.

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Highlights

  • A 5.5% cap rate is based on the current lease rent and reimbursement
  • Seller may carry the loan
  • The property has a pro forma cap rate of 5.5%
  • 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 2 restrooms in the warehouse area and 1 restroom in the office area

Contacts

broker

Leo Gao

Hebron Equities

(626) 864-1598

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Transit Score ®

    23/100 Minimal Transit

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Corona, CA
  • Zip Code 92881
  • Market Inland Empire

Points of Interest

  • Corona–North Main

    1.93 miles

  • Corona–West

    4.42 miles

  • Riverside–La Sierra

    4.98 miles

  • Pedley

    9.04 miles

  • Shell

    0.36 miles

  • Chevron

    0.55 miles

  • Chevron

    0.83 miles

  • 76

    1.11 miles

  • Arco

    1.15 miles

  • Vons 2596 Fuel Station

    1.27 miles

  • Shell

    1.32 miles

  • Arco

    1.33 miles

  • RS Service Gasoline

    1.35 miles

  • Chevron

    1.81 miles

  • Employee Parking

    0.52 miles

  • Mail Truck Parking

    0.57 miles

  • Truck Parking

    0.72 miles

  • Canyon Community Church Park And Ride

    1.29 miles

  • Sales Lot

    1.30 miles

  • Bus Transit Park & Ride

    1.89 miles

  • Corona Park And Ride

    1.91 miles

  • North Main Corona Metrolink Station Parking Structure

    1.97 miles

  • Living Truth Christian Fellowship Park And Ride

    2.56 miles

  • CORONA FRIENDS CHURCH Park And Ride

    2.71 miles

  • Carl's Jr.

    0.35 miles

  • McDonald's

    0.37 miles

  • Jersey's Pizzeria & Restaurant

    0.39 miles

  • Island's

    0.52 miles

  • Jack in the Box

    0.57 miles

  • MOD Pizza

    0.80 miles

  • Dunkin'

    0.80 miles

  • Del Taco

    0.81 miles

  • Jack in the Box

    0.84 miles

  • McDonald's

    0.98 miles

  • Stater Bros.

    0.42 miles

  • Smart & Final

    0.83 miles

  • Walmart Supercenter

    0.97 miles

  • C-Town

    1.27 miles

  • Vons

    1.38 miles

  • Albertsons

    2.14 miles

  • ALDI

    2.39 miles

  • Vons

    2.52 miles

  • Marshalls

    2.74 miles

  • Kohl's

    2.74 miles

  • CVS Pharmacy

    0.41 miles

  • Corona Regional Medical Center Rehabilitation Hospital

    0.66 miles

  • Corona Fire Department Station #1

    1.00 miles

  • Riverside County Fire Department Station #13

    1.42 miles

  • Corona Regional Medical Center

    1.76 miles

  • Coles Pharmacy

    1.77 miles

  • Corona Fire Department Station #2

    2.04 miles

  • Corona Fire Department Station #6

    2.51 miles

  • Walmart Pharmacy

    2.57 miles

  • Corona Fire Department Station #4

    2.74 miles

Frequently Asked Questions

What is the lease rate for 5.5 Cap Industrial-Property Investment?

Rental asking rate at 5.5 Cap Industrial-Property Investment is $3,886,069.00/YR.

What is the total square footage of 5.5 Cap Industrial-Property Investment?

5.5 Cap Industrial-Property Investment totals 26,081 square feet.

When was this property built?

5.5 Cap Industrial-Property Investment was built in 1990.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Leo Gao

Hebron Equities

(626) 864-1598