IE Business Daily Business news for the Inland Empire.
An office property in Corona is on the market.
The complex, at 1101 California Ave. has nearly 40,000 square feet of leasable space and is fully occupied, said Gary Stache, executive vice president with CBRE Group Inc. and a member of the brokerage team that is marketing the property.
Asking price is $5.9 million.
“It’s a great building, but we’re having a little trouble selling it,” said Stache, who said the property has been on the market for about eight months. “It has some executive suites on the first floor, and some investors don’t like those because they can be hard to manage.”
The building’s owner is a private investor in the Inland Empire who asked that his name not be released, Stache said.
Corona is a solid office market, having absorbed more space – as a percentage of its base – than all of Southern California, according to CBRE.
