Freestanding Industrial Building in
1141 California Ave Corona, CA 92881
For Sale
$16,950,000
49,861 SF building on 2.52 acres near I-15.
Property Size49,861 SF
Lot Size2.52 Acres
Price / SF$339.95
Days on Market97
Property Features for 1141 California Ave
General Information
Standard status
Active
Size
49,861 SF
Lot size
2.52 Acres
Property subtype
Industrial
Building Details
Year Built
1989
Listing Agency:
US National Realty
(626) 523-0101
Listed By:
Wei-Ling Hsu · License #00976802
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of US National Realty
Investment Insights
Based on property information with market context.
This well-maintained freestanding building offers approximately 49,861 square feet of space on a 2.52-acre lot. The property includes approximately 2,169 square feet of two-story office space. It features a 24-foot clearance height, six exterior high docks, and four drive-in ground-level doors. The building provides 360-degree drive-around capability and includes an approximately 7,000 square foot paved, fenced yard. Located in a prime area of Corona within the Inland Empire's industrial corridor, the property offers immediate access to the I-15 and SR-91 freeways. The location has a walk score of 54, indicating it is somewhat walkable, a bike score of 38, indicating it is somewhat bikeable, and a transit score of 21, indicating minimal transit options.
Key Highlights
- Freestanding 49,861 SF building on a 2.52‑acre lot.
- Immediate access to I‑15 and SR‑91 Freeway in a prime Corona location.
- Features 2,169 SF of high‑image office space.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $658.2k | $13.20 |
| − Vacancy | −$51.3k | −$1.03 |
| EGI | $606.8k | $12.17 |
| − OpEx | −$91.0k | −$1.83 |
| NOI | $515.8k | $10.34 |
49,861 SF · lease $13.20/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.37M
$6.45M – $8.60M
NOI $515,804 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$6.62M
$5.79M – $7.72M
NOI $463,396 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$15.51M
$13.57M – $18.09M
NOI $1,085,614 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- omega — 1101 California Ave, Corona, CA 92881
- US Storage Centers — 1512 Circle City Dr, Corona, CA 92879
- Nasco Gourmet Foods — Olympic Dr, Corona, CA 92881
Frequently Asked Questions
What type of property is this?
Warehouse - 49,861 SF building on 2.52 acres near I-15.
Where is this warehouse located?
The property is located at 1141 California Ave Corona, CA.
What is the asking price?
The asking price for this property is $16,950,000.
What are key features of this property?
This property features: Freestanding 49,861 SF building on a 2.52‑acre lot.; Immediate access to I‑15 and SR‑91 Freeway in a prime Corona location.; Features 2,169 SF of high‑image office space.
