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LBA Promenade

Off-Market

515 South Promenade Avenue, Corona, CA 92879

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 166,521 SF
  • Lot Size 9.2 Acre
  • Parking Spaces Avail. 173
  • Parking Ratio 1.04/ 1,000 SF
  • Property Tenancy Vacant
  • Building Class A
  • Year Built 2018

Location

  • Walk Score ® Car-Dependent (36)
  • Transit Score ® Some Transit (33)
  • Bike Score ® Bikeable (50)
Powered by Walk Score ®
  • City Corona, CA
  • Zip Code 92879
  • Market Inland Empire

Points of Interest

Corona–North Main

1.77 miles

Riverside–La Sierra

3.90 miles

Corona–West

4.65 miles

Pedley

7.68 miles

Chevron

0.81 miles

Costco Gasoline

0.81 miles

Shell

1.06 miles

ARCO

1.08 miles

Mobil

1.09 miles

Shell

1.12 miles

Circle K

1.13 miles

RS Service Gasoline

1.48 miles

Arco

1.50 miles

Chevron

1.88 miles

Sales Lot

1.45 miles

Staff Parking and 1st - 5th Grade Pick-Up

1.49 miles

Employee Parking

1.71 miles

Bus Transit Park & Ride

1.76 miles

Mail Truck Parking

1.77 miles

North Main Corona Metrolink Station Parking Structure

1.81 miles

Corona Park And Ride

1.82 miles

Truck Parking

1.93 miles

Canyon Community Church Park And Ride

2.50 miles

Lot A - 1 hour Visitor Parking

2.74 miles

Farmer Boy's

0.28 miles

Farmer Boy's

0.28 miles

Jack in the Box

0.79 miles

Island's

0.84 miles

Texas Roadhouse

0.88 miles

Epic Wings

0.94 miles

Del Taco

0.99 miles

Miss Donut

1.01 miles

Subway

1.02 miles

Pieology Pizzeria

1.03 miles

Stater Bros.

1.17 miles

Vons

1.18 miles

C-Town

1.45 miles

ALDI

1.94 miles

Smart & Final

2.18 miles

Walmart Supercenter

2.25 miles

Walmart Supercenter

2.27 miles

WinCo Foods

2.36 miles

Target

2.43 miles

Vons

2.49 miles

Riverside County Fire Department Station #13

0.51 miles

CVS Pharmacy

1.23 miles

Walmart Pharmacy

1.25 miles

Corona Fire Department Station #4

1.40 miles

Corona Fire Department Station #2

1.79 miles

Coles Pharmacy

1.80 miles

Corona Regional Medical Center Rehabilitation Hospital

1.84 miles

Corona Regional Medical Center

2.09 miles

Corona Fire Department Station #1

2.16 miles

CAL FIRE Riverside Station #14

2.41 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 21 Jan, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Corona

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Corona Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $27.32
  • 2020 Office Vacancy Rate 8.23%
  • 2020 Office Completions (SF) 146,785
View more Corona market trends

Tax

  • Property Tax in 2022-2023 $284,912
  • Market Value* $25,500,000
  • Assessed Value $25,500,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of LBA Promenade?

LBA Promenade totals 166,521 square feet.

When was this property built?

LBA Promenade was built in 2018.

When was LBA Promenade last sold?

LBA Promenade was last sold on 21 Jan, 2021.

What is the property tax for LBA Promenade?

The property tax for LBA Promenade in 2022-2023 was $284,912.

What is the market value for LBA Promenade?

The market value* for LBA Promenade in 2022-2023 was $25,500,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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