Property profile

505 Buena Vista Ave Corona, CA 92882

OFF-MARKET
Commercial real estate
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Property summary

AI-generated overview

This thriving cannabis microbusiness, established in April 2024, is offered for sale at $399,000. Located in Corona, CA, this turnkey operation boasts a 3,800 square foot facility with a 5-year lease (plus a 5-year renewal option) at a monthly rent of $4,500. The business includes a comprehensive Level 1 manufacturer license (Type 6), allowing for non-volatile solvent extraction, mechanical extraction, infusion, packaging, and labeling of cannabis products. It also operates as a non-storefront retailer, conducting sales exclusively through delivery services, and a distributor, facilitating the movement of cannabis products between various licensees and providing storage services. The secure facility features a robust security system, cameras, and a manual roll-up door. Five parking spaces are available on-site, with additional street parking. This unique opportunity encompasses three distinct license types under one roof, creating multiple revenue streams. The business has no outstanding debts or liabilities. Serious inquiries only; proof of financials and a signed NDA/Waiver are required before further details are disclosed.

Property profile

Verified
Property type Commercial real estate

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hospital
  • Law Firm
  • Pediatrician Physician
  • Pediatrician Physician
  • City Courthouse

Location

505 Buena Vista Ave Corona, CA 92882
Corona metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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