May 14, 2019
Progressive Real Estate Partners sold Corona Freeway Center located at 2410 Wardlow Rd. in Corona, CA for $11 million in an all-cash transaction. The buyer was Irvine, CA-based PRES Companies.
Built in 1991, the 67,690-square-foot center was recently renovated including a new roof, new HVAC, updated landscaping, painting and major upgrades to the parking lot. Improvements also included the addition of a 60-foot tall digital freeway pylon sign that lists all of the tenants, and also features a 400-square-foot digital screen that is available for the tenants to use for advertising.
The well-established multi-tenant center is directly adjacent to the 91 Freeway, with nearly 700 feet of frontage that exposes the property to roughly 263,500 vehicles daily.
Progressive Real Estate Partners’ Frank Vora exclusively marketed the property and represented the seller, an undisclosed Orange County-based private investor. Industrial Brokers’ Greg Ozimec represented the buyer.
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