341 corporate terrace 31,811 sq. ft. corona, ca 92879 … · 341 corporate terrace corona, ca 92879...
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341 CORPORATE TERRACECORONA, CA 92879
Offering Summary
31,811 SQ. FT.Two-Story Office Building
Fronting 91 Freeway$8,150,000
Tim [email protected] Lic#00880273
Investor or User Purchase Opportunity31,811 SF Office Building
OFFERING TERMSOffering Price: $8,150,000
PROJECT DESCRIPTIONBuilding Size: 31,811 SFLand Size: 2.39 AcresParking: 4:1,000 Year of Construction: 2007APN: 115-680-007Stories: TwoCC&Rs: YesAssociation: YesConstruction Type: SteelOther: Property has rights to construct and use a 34’ high freeway
pylon sign. Subject Building is part of a 10 acre master- planned office park. Over 240,000 cars pass daily on 91
Freeway.Zoning: Mixed Use (MU)
91 Freeway
FLOOR PLAN - FIRST FLOOR
FLOOR PLAN - SECOND FLOOR
INVESTMENT HIGHLIGHTS
9191
341 Corporate Terrace
For an end user, this represents a rare opportunity to acquire a building with existing tenants on the entire first floor, leaving the second floor availablefor your own company use. This occupancy would allow for SBA financing with 10% down.
For an investor, the current owner/user is willing to do a long term lease back on its first floor space and a short term lease back on its existing second floor space, allowing the time needed to lease up the short-term space for 100% occupancy with little to no down time.
Corona has extremely favorable local market conditions, with historically low vacancy rates and rising lease rates. Lack of available land inventory forfuture office product will contribute to maintaining high lease rates within the market area.
High-quality construction with sound dampening windows, all-concrete drive aisles and parking areas, and steel and concrete construction will attract high-quality tenants. In addition, the Building has a great mix of suite sizes to offer greater leasing flexibility to perspective tenants.
The Building fronts the 91 Freeway offering tremendous signage exposure for office users whithin the Building. In addition, the Building has the rightsto construct a second project freeway sign that would be 34’ tall and offer two-sided signage spots for all Building tenants.
The Building is close to numerous restaurants, new residential areas, and skilled labor.
AERIAL
341 Corporate Terrace
9191
1515
INTERIOR PHOTOS
Entry Hallway
Upstairs Receptionist Area
INTERIOR PHOTOS
Upstairs Lobby
Restroom Interior
Strata Realty, Inc. | 2433 Pomona Road, Corona, CA 92880 | www.stratarealty.comThe information contained herein was obtained from third parties, and it has not been independently verified by the real estate brokers. Buyers/tenants should have the experts of their choice inspect the property and verify all information. Real estate brokers are not qualified to act as or select experts to legal, tax, environment, building construction, soil-drainage or other such matters.Copyright © 2009 Strata Realty. All rights reserved
BRE Information Timothy Hawke’s license number is 00880273
Timothy Hawke, SIORPresident951.280.1733 office951.533.2513 [email protected]# 00880273
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