Ronaldo Cianciarulo Purchases Oceanside Square Retail Center From Steven Wise For $11.6M
4750 Oceanside Boulevard
$11,600,000
$331/SF
Building Size
35,013 SF
Asset Type
Retail
Closing
May 20, 2025
AI
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.
Players
Oceanside Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93