Corona, CA 92881 1131 Olympic Drive
$7,772,138
20 more
Presented By: YONG GAO with HEBRON EQUITIES INC.; 626-864-1598
SQFT • 26,081
Home Details
*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.
Presented By: YONG GAO with HEBRON EQUITIES INC.; 626-864-1598
Interior Features for 1131 Olympic Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixDrive
Total Stories1
Other Rooms
Entry Level1
General for 1131 Olympic Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.5
Carport Y/NNo
CityCorona
CoolingCentralAir
CountyRiverside
Current FinancingConventional
Days on Market143
Directions15 freeway exit at Magnolia
Garage Y/NNo
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet56192.0
MLS Area248 - Corona
MobileHomeRemainsYNNo
New ConstructionNo
Number of Units Leased2
Occupancy DescriptionTenant
Open Parking Spaces38.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalIndustrial
Property SubTypeIndustrial
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameOlympic
Trash Expense3600.0
UtilitiesElectricityConnected
View Y/NNo
Waterfront Y/NNo
Year Built1990
Year Built SourcePublicRecords
ZoningM-4
Exterior for 1131 Olympic Drive
Building Area Total26081.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions1.29 Acre
Lot FeaturesItem01UnitAcre
Lot Size Acres1.29
Lot Size Area56192.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking38.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480