2780 Cabot Drive, Corona, CA 92883 - Property for Sale
Available For Sale - Retail
351,200 SF
|
Show Pricing $
View Photos (17)
AVAILABILITY DETAILS
- Size
- 351,200 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA420100
- 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 price per square feet of $148 that is well below the replacement cost for an asset and 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 86% 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.
- Uses
- Retail
Other Availability in this Property
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
Steve Liu, NAI Capital
BRE# 01323150
