1101 California AveCorona, CA 92881

Property Details for 1101 California Ave

Year built

1990

Construction

TILT-UP CONCRETE

Lot size

1.98 AC

Property size (Sq ft)

37,843 SF

Zone code

M4

Property type

Office buildings

APN

107-160-035

APU

107160035

Description

This exceptional two-story office building, located at 1101 California Ave, Corona, CA 92881 (cross streets: Rimpau Ave.), offers 39,362 square feet of versatile space. Completely renovated in 2021, the property boasts a desirable traditional office layout with the added benefit of executive suites. The building features convenient elevator service, ample parking, and a pleasant interior open courtyard. Multiple tenancy options are available, ranging from 185 square feet to 2,026 square feet, catering to a variety of business needs. Situated in the thriving Corona business district within Riverside County, this property provides excellent accessibility and visibility. The building's modern design and amenities create a professional and inviting atmosphere for tenants. With its strategic location and flexible space options, this property presents a unique opportunity for businesses seeking a high-quality office environment in a dynamic market. The entire building is currently vacant, providing a blank canvas for a single tenant or the opportunity to lease to multiple tenants. This is a rare opportunity to secure a substantial and well-maintained office building in a prime Corona location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,400,787

  6.5%

  $9,600,726

  7%

  $8,914,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,638,514

  Geo Method

  $13,319,601

• Alternative Use

  Use

  Valuation

  Residential

  $11,904,901

  Hospitality

  $10,904,825

  Educational

  $9,072,686

  Medical

  $9,384,710

  Retail

  $14,113,068

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8622

Longitude

-117.544

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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