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Available For Sale - Retail

351,200 SF | Show Pricing $

Retail Space in Corona for sale

AVAILABILITY DETAILS

Size
351,200 SF
Price/SF
Show Pricing $
Listing ID
SA397551
Notes
NAI Capital, as the exclusive advisor to the Owner, is pleased to offer for sale the fee simple interest in The Shops at Dos Lagos (the “Property”), located in the city of Corona, CA adjacent to Interstate 15.



The asking price is reduced to $52,000,000.  This opportunity is now offered at an excellent current cap rate of 6.88% and price per square feet of $148 that is well below the replacement cost for an asset situated on over 47 acres.



The Shops at Dos Lagos is a 351,200 square foot pride of ownership lifestyle center. Built in 2006, the Property is situated within the Dos Lagos Specific Plan area. This opportunity was the first phase of a two-phase retail shopping center development that was to consist of almost 700,000 square feet retail, multifamily and hotel. Phase II is under a separate ownership and not a part. The Property sits on 47.38 acres that includes four in-line shop buildings, four ground-leased restaurant pads, a movie theater building and an additional vacant pad available for lease or development of up to 7,000 square feet restaurant.



The location offers great access to major freeways like Interstate 15 for north-south access and State Route 91 for east-west access. The area sits within the path of development with many new projects that have recently been built or are in planning stages.



The Shops at Dos Lagos boasts a great mix of national and local tenants and is currently 90% occupied. This opportunity offers an investor the ability to add value through further lease ups of the vacancies. A potential investor will be in a great position with the attractive pricing that is well below replacement cost.



www.TheShopsAtDosLagosInvestment...
Uses
Retail

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
125 4,000 SF Lease Retail $TBD chevron_right
150 1,400 SF Lease Retail $TBD chevron_right
170/175/180 13,524 SF Lease Retail $TBD chevron_right
175 3,321 SF Lease Retail $TBD chevron_right
175 3,321 SF Lease Retail $TBD chevron_right
180 6,003 SF Lease Retail $TBD chevron_right
180 6,003 SF Lease Retail $TBD chevron_right
A1 20,000 SF Lease Retail $TBD chevron_right
Bldg 5 Suite 110 3,600 SF Lease Retail $TBD chevron_right
Bldg 5 Suite 160 3,755 SF Lease Retail $TBD chevron_right
Bldg 5 Suite 180 6,003 SF Lease Retail $TBD chevron_right
Bldg 6 Suite 110 4,500 SF Lease Retail $TBD chevron_right
Bldg 6 Suite 185 1,050 SF Lease Retail $TBD chevron_right
Restaurant Pad 7,000 SF Lease Retail $TBD chevron_right
Space/Suite
125
Square Feet
4,000 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
150
Square Feet
1,400 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
170/175/180
Square Feet
13,524 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
175
Square Feet
3,321 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
175
Square Feet
3,321 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
180
Square Feet
6,003 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
180
Square Feet
6,003 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
A1
Square Feet
20,000 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
Bldg 5 Suite 110
Square Feet
3,600 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
Bldg 5 Suite 160
Square Feet
3,755 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
Bldg 5 Suite 180
Square Feet
6,003 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
Bldg 6 Suite 110
Square Feet
4,500 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
Bldg 6 Suite 185
Square Feet
1,050 for lease
Uses
Retail
Asking Rent/Price
$TBD

Space/Suite
Restaurant Pad
Square Feet
7,000 for lease
Uses
Retail
Asking Rent/Price
$TBD

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Steve Liu, NAI Capital
BRE# 01323150