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Ronaldo Cianciarulo Purchases Oceanside Square Retail Center From Steven Wise For $11.6M
SOLD
$11,600,000
California
See Similar DealsRetail35,013 SF
Sold
SOLD
Ronaldo Cianciarulo Purchases Oceanside Square Retail Center From Steven Wise For $11.6M
4750 Oceanside Boulevard
See Similar DealsRetail35,013 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$331
Total Square Footage:35013 SF
Transaction Type:Sale
The property asset involved in the transaction is the Oceanside Square retail center located at 4750 Oceanside Boulevard in Oceanside. The property comprises a total square footage of 35,013 and was sold for $11,600,000, which equates to $331 per square foot. The asset is 95.1% leased and underwent modernization in 2022 and 2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,600,000
- Square Footage: 35,013
- Address: 4750 Oceanside Boulevard
- Market: Oceanside
- Price Per Square Foot: $331
- Buyer: Ronaldo Cianciarulo
- Seller: Steven Wise - Capital Investment Network
- Broker Representatives: Ross Sanchez & Nick Totah - Marcus & Millichap
The transaction was characterized by strong investor demand, attracting multiple offers and concluding in just two months. The sale was part of a 1031 exchange, indicating a strategic reinvestment by the buyer in the retail market of San Diego County.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02
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