Two-Story Multi-Tenant Office
For Sale
$8,900,000
2275 S Main, Corona, CA 92882
Well-maintained two-story office building in Corona, suited for multiple tenant arrangements.
Property Size44,116 SF
Price / SF$201.74
Days on Market129
Property Features for 2275 S Main
General Information
Standard status
Active
Size
44,116 SF
Building Details
Year Built
2004
Stories
2
Tenancy
Multi
Listing Agency:
Ashwill Associates
Listed By:
Gary Martinez · License #01318932
(714) 905-9383
Source:
Myfabuloushome
Added: Jun 17
Changed: Oct 17
Last Checked: Oct 7 at 1:14PM
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 Ashwill Associates
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Investment Insights
Based on property information with market context.
South Main Business Center is a well-maintained, two-story, multi-tenant office property designed for long-term usability. The building supports a tenant layout intended for day-to-day office operations across multiple spaces, with a configuration that benefits from its two-level structure.
Located at 2275 S Main St in Corona, California, the property is positioned within the city’s commercial area. As a multi-tenant office project, it is structured to accommodate more than one occupant, which can be advantageous for businesses seeking defined space within a shared building environment.
For investors and buyers, this offering represents the chance to acquire a professionally maintained office asset with an established multi-tenant format. For office users, the building’s organization across two stories may support a range of occupancy needs, depending on available space. Because the information provided emphasizes the property’s upkeep and multi-tenant nature, interested parties are encouraged to review the specific unit configurations and leasing terms available at inquiry.
Located at 2275 S Main St in Corona, California, the property is positioned within the city’s commercial area. As a multi-tenant office project, it is structured to accommodate more than one occupant, which can be advantageous for businesses seeking defined space within a shared building environment.
For investors and buyers, this offering represents the chance to acquire a professionally maintained office asset with an established multi-tenant format. For office users, the building’s organization across two stories may support a range of occupancy needs, depending on available space. Because the information provided emphasizes the property’s upkeep and multi-tenant nature, interested parties are encouraged to review the specific unit configurations and leasing terms available at inquiry.
Key Highlights
- Two‑story, well‑maintained multi‑tenant office building in Corona
- Designed for multiple tenant arrangements
- Office asset is described as having stable occupancy and long‑term tenant retention
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$681,328
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,626,560
$13.6M
Cap Rate 7%
$9,733,257
$9.7M
Cap Rate 9%
$7,570,311
$7.6M
Market Conditions
NOI Build-Up for 44,116 SF
Gross rent
$1.16M $26.40/SF
− Vacancy
−$256.2K −$5.81/SF
EGI
$908.4K $20.59/SF
− OpEx
−$227.1K −$5.15/SF
NOI
$681.3K $15.44/SF
Area
Corona, CA
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,626,560
Cap Rate 7%
$9,733,257
Cap Rate 9%
$7,570,311
Alternative Uses
Best Use
Office B
$9.73M
$8.52M – $11.36M
NOI $681,328 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.72M
$12.01M – $16.01M
NOI $960,529 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 92882, CA
67,894
Population
20,757
Households
3.3
Avg Household Size
36
Median Age
29%
College-Educated
85%
High-School Grad
11.8 sq mi
ZIP Area
5,754
Density / Sq Mi
$100,668
Median Household Income
$46,092
Median Earnings
$2,093
Median Rent
$653,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office building in Corona, suited for multiple tenant arrangements.
Where is this office building located?
The property is located at 2275 S Main Corona, CA.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Two‑story, well‑maintained multi‑tenant office building in Corona; Designed for multiple tenant arrangements; Office asset is described as having stable occupancy and long‑term tenant retention
