308 6Th StCorona, CA 92882

Property Details for 308 6Th St

Year built

2022

Construction

TILT-UP CONCRETE

Lot size

1.73 AC

Property size (Sq ft)

26,400 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

117-186-023

APU

117186023

Description

This exceptional Class A medical office campus in Corona, CA, offers 26,400 square feet of flexible space, divisible to a minimum of 1,800 square feet. Located at 308 W 6th St, 92882, this two-building, two-story complex boasts a convenient location in the Inland Empire's Western Riverside County submarket. Built in 2019, the property features one elevator and sits on a 2.81-acre lot. Currently, 41,096 square feet of space is available for lease, providing opportunities for single or multiple tenants seeking high-quality medical office space. The campus is ideally situated near Corona Regional Medical Center, ensuring excellent accessibility for patients and healthcare professionals. This development caters to the growing demand for medical services in a thriving community with rising household incomes. The modern design and prime location make this an unparalleled opportunity for medical practices seeking a prestigious and functional space to serve the community. The property offers contiguous space up to 26,400 square feet, allowing for expansion or consolidation of existing practices. This is a rare chance to secure space in a brand-new, state-of-the-art facility in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,255,788

  6.5%

  $6,697,650

  7%

  $6,219,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,631,154

  Geo Method

  $9,292,008

• Alternative Use

  Use

  Valuation

  Residential

  $8,305,086

  Hospitality

  $7,607,414

  Educational

  $6,329,280

  Medical

  $6,546,953

  Retail

  $9,845,546

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8745

Longitude

-117.57

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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