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Westside Center

$1,885,000

1034-1038 W 6th St, Corona, CA 92882

Active
Last Updated: 11/03/2022

5.54

Cap Rate

104,338

NOI

Details:
Cap Rate:    5.54%
NOI:    $104,338
Building Size:    6,155 sqft
Lot Area:    0.44 acres
Occupancy:    87%
Units:    7
Year Built:    1987
Floors:    1
Highlights:
  • +/-6,283 square foot
  • +/-19,166 square foot lot
  • Comprised of seven units (one unit currently vacant)
  • Value added retail center
  • Located on a busy West 6th Street
  • +/-23,248 Average Daily Traffic
  • Zoned Commercial
Description:

KW Commercial is pleased to present Westside Centre. This Street Retail plaza is +/-6,283 square foot situated on a +/-19,166 square foot lot. There are a total of seven units, of which five are currently occupied with long term tenants. The property was constructed in 1987 with block construction. The center has been a stable property reflecting high
occupancy since it was constructed. The leases are modified gross where the local market supports NNN
leases.

The center is located just south of the 91 freeway on West 6th Street, which is the main retail corridor in the city of Corona. Traffic counts on 6th Street at the property are 23,248 average daily traffic. *Source Costar. Major retailers within three blocks from the subject property include: Walmart Neighborhood Center, McDonalds, Taco Bell, Cardenas Market, Pizza Hut and Corona Regional Medical Center.

South of the 91 Freeway and east of South Lincoln Ave. at West 6th Street

KW Commercial is pleased to present Westside Centre. This Street Retail plaza is +/-6,283 square foot situated on a +/-19,166 square foot lot. There are a total of six units, of which five are currently occupied with long term tenants. The property was constructed in 1987 with block constructions. The center has been a stable property reflecting high
occupancy since it was constructed. The leases are modified gross where the local market supports NNN
leases.

The center is located just south of the 91 freeway on West 6th Street, which is the main retail corridor in the city of Corona. Traffic counts on 6th Street at the property are 23,248 average daily traffic. *Source Costar. Major retailers within three blocks from the subject property include: Walmart Neighborhood Center, McDonalds, Taco Bell, Cardenas Market, Pizza Hut and Corona Regional Medical Center.

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