REBusinessOnline

NAI Capital Negotiates $2.1M Sale of Retail Property in Corona

At the time of escrow, the 9,000-square-foot retail property located at 1187 E. Magnolia Ave. in Corona, was fully occupied.

CORONA, CALIF. — NAI Capital has arranged the sale of a freestanding, 9,000-square-foot retail property located within a grocery-anchored shopping center located at 1187 E. Magnolia Ave. in Corona. Boca Raton, Fla.-based KC Propco sold the property to Newport Beach, Calif.-based Corona Temescal Village5 for $2.1 million, or $235 per square foot. By the end of escrow, the property was fully leased. Mario Alvarez and Lidia Talavera of NAI Capital represented the seller.

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