Ronaldo Cianciarulo Purchases Oceanside Square Retail Center From Steven Wise For $11.6M

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.