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1131 Olympic Drive, Corona, CA 92881
$7,772,138
1131 Olympic Drive, Corona, CA 92881View this property at 1131 Olympic Drive, Corona, CA 92881
1131 Olympic DriveCoronaCA92881
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Property Description
*This industrial property presents a prime investment opportunity.
*A 5.5% Cap Rate is based on the lease rent and reimbursement
*5.5% Cap Rate (Pro Forma)
*It's fully leased to two tenants, with the current lease expiring on 1/31/2026. Total two units: unit #1 includes both a warehouse and offices, while Unit #2 is solely an office space
*Free Standing Building ( There is a gap between the two building walls. no shared wall).
*Private 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. *Total Office size: 3393 sqft.
Full Property Details
Full Property Details for 1131 Olympic Dr
General
- Price: $7,772,138
- Status: Active
- Type: Industrial
- MLS ID: WS23154409
- Updated: 3/22/2024
- Days on Market: 274 days
- Added to Site: 275 day(s) ago
Rooms
Other Rooms
- Laundry: None
Parking
- Uncovered Spaces: 38
- Parking Ratio: 1
Location
- County: Riverside
- Driving Directions: 15 freeway exit at Magnolia
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: None
Utilities
- Utility Description: Electricity Connected
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 26081
- Square Feet: 26,081
- Office: 3,393 Sq. Ft.
- Year Built: 1990
- Year Built Source: Public Records
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 1.29
- Useable Acres: 1.29
- Lot Size (Sq. Ft.): 56,192
- Lot Size Source: Assessor
- Lot Dimensions: 1.29 Acre
- Fence: Yes
- Lot Features: 0-1 Unit/Acre
- Lot Description: 0-1 Unit/Acre
- Fencing (Description): Chain Link
Financial Considerations
- Price Per Sq. Ft.: $298
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Investment: Yes
- Property ID: 107160065
Listed by Hebron Equities Inc., YONGGAO
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Schools
Schools serving 1131 Olympic Dr
School District:Corona-Norco Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1980 Fullerton Ave, Corona, CA 92881 | K-6 | 0.6 mi | |
7610 El Cerrito Rd, Corona, CA 92881 | 6-8 | 2 mi | |
1820 Rimpau Ave, Corona, CA 92881 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1131 Olympic Dr
Date
Details
Price
Change
Source
1/07/2024
Price Reduced
$7,772,138
-11.46%
MLS
8/17/2023
Listed
$8,777,664
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1131 Olympic Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$43,556
2%
$3,858,478
2%
2022
$42,771
2%
$3,782,822
2%
2021
$41,936
1%
$3,708,650
1%
2020
$41,476
2%
$3,670,623
2%
2019
$40,519
2%
$3,598,651
2%
2018
$39,611
74%
$3,528,090
74%
2017
$22,799
1%
$2,022,271
2%
2016
$22,572
2%
$1,982,619
2%
2015
$22,083
4%
$1,952,840
2%
2014
$21,293
—
$1,914,588
—
2013
$21,247
—
$1,905,937
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1131 Olympic Dr
1131 Olympic Drive, Corona, CA 92881 (MLS# WS23154409) is a Industrial property. 1131 Olympic Drive is currently listed for $7,772,138 and was received on August 17, 2023. Want to learn more about 1131 Olympic Drive? Do you have questions about finding other Industrial real estate for sale in Corona? You can browse all Corona real estate or contact a Coldwell Banker agent to request more information.