2275 S Main, Corona, CA 92882

$8,900,000

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List Price
$8,900,000
Status
ACTIVE
MLS#
PW26127655
Year Built
2004
Lot Size
110,642
Acres
2.54
Lot Location
2-5 Units/Acre
Days on Market
48
Property Type
Commercial
Property Sub Type
Office

Property 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.

Additional Information

Heat
None
Cooling
Yes
Cooling Description
Central Air, Gas
Water
Public
Attached Structure
Detached
Number Of Units Total
66
Gross Scheduled Income
$1,019,259
Operating Expense
364745

Listing courtesy of Listing Agent: Gary Martinez (gary@ashwillassociates.com) from Listing Office: Ashwill Associates.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.