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Property profile & analytics
FOR LEASE
Office buildings

1101 California Ave Corona, CA 92881

37,843 SF 1.98 ac lot Built 1990
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-0610990
Property summary
AI-generated overview

This exceptional two-story office building, located at 1101 California Ave, Corona, CA 92881 (cross streets: Rimpau Ave.), offers 39,362 square feet of versatile space. Completely renovated in 2021, the property boasts a desirable traditional office layout with the added benefit of executive suites. The building features convenient elevator service, ample parking, and a pleasant interior open courtyard. Multiple tenancy options are available, ranging from 185 square feet to 2,026 square feet, catering to a variety of business needs. Situated in the thriving Corona business district within Riverside County, this property provides excellent accessibility and visibility. The building's modern design and amenities create a professional and inviting atmosphere for tenants. With its strategic location and flexible space options, this property presents a unique opportunity for businesses seeking a high-quality office environment in a dynamic market. The entire building is currently vacant, providing a blank canvas for a single tenant or the opportunity to lease to multiple tenants. This is a rare opportunity to secure a substantial and well-maintained office building in a prime Corona location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction TILT-UP CONCRETE
Total area 37,843 SF
Lot 1.98 ac (86,248 SF)
Zoning code M4
APN 107-160-035
UPID US09-0610990
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • First Energy Systems Corp Electrical Service
  • Titan Realty Real Estate Agency
  • Skills Workstation High School
  • Autism Spectrum Consultants Training Center Tutoring Service
  • ThinSpring (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.79M
Owner & transaction history
Davenport Corona Partners LP · 5 yrs held
Davenport Corona Partners LP
since 2021
Last sale
$7.0M
7 recorded transactions
2021
$7.0M
2021
Price N/A
2016
$5.7M
2008
Price N/A
2001
$5.0M
1997
$2.3M
1996
$2.5M
Zoning & alternative use
M4 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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