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CBRE Arranges Nearly $12M Sale, Financing for Corona Office Building
Rincon Corporate Plaza, a 58,850-square-foot office building in Corona, CA, has traded hands for $11.8 million. The buyer was an entity named ZHOPE, LLC, while the seller was San Diego-based Providence Capital Group.
Located at 355 E. Rincon St., the property was 100% leased to 17 tenants at the time of sale. Rincon Corporate Plaza’s tenant roster consists of both local and national corporations, including Lennar Homes, Wells Fargo, and Verizon.
CBRE’s Anthony DeLorenzo, Gary Stache, Doug Mack, Sammy Cemo and Bryan Johnson represented the seller. CBRE’s Shaun Moothart and Jenifer Ansari arranged the financing for the Corona-based buyer.
DeLorenzo says, “This is a fantastic asset that is strategically located in one of the Inland Empire’s most sought-after commercial real estate submarkets. Rincon Corporate Plaza provides the buyer with immediate cash flow security and future upside, with in-place rents approximately 11% below market.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


