Friday, August 29, 2008

Corona Commercial Investment $6,250,000

Type:Retail/Vehicle Related

Building Size:40,000 SF
Lot Size:5.25 Acres
Occupancy:100.00%
Price:$6,250,000
Price/SF:$156.25
Cap Rate:6.70%
Net Lease Investment:Yes
Years left on Lease:5

Property Description:
Seller to sign a new 5 year lease at $35,000 a month NNN with 3% annual increases and two five year options to renew.

An outstanding new car and commercial vehicle sales facility. Currently a Pontiac, Buick, GMC dealership. Has been in business for over 13 years!

40,000 square feet of structures including: Main showroom with closing and admin offices. Parts showroom with warehouse. 14 bay vehicle service building. 13 bay large vehicle service building. Service kiosks. Paved, lighted and landscaped.



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