Costanzo Investments Sells Retail Properties In Corona For $12.23M With Representatives David McNevin Melissa Marshall & Ian Schroeder
840 North Main Street, 860 North Main Street & 870 North Main Street
$12,230,000
$1,383/SF
Building Size
8,843 SF
Asset Type
Retail
Closing
Oct 28, 2025
AI
The property assets involved in the transaction are located at 840 North Main Street, 860 North Main Street, and 870 North Main Street in the Corona market. The retail asset was sold for $12,230,000, encompassing a total square footage of 8,843, which results in a price per square foot of $1,383.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $12,230,000
- Square Footage: 8,843
- Price per Square Foot: $1,383
- Seller: Costanzo Investments
- Seller's Representative: David McNevin, Melissa Marshall & Ian Schroeder - CBRE
This transaction was facilitated by the seller, Costanzo Investments, and represented by the brokerage team of David McNevin, Melissa Marshall, and Ian Schroeder from CBRE. Their involvement underscores the strategic partnership in navigating the complexities of the retail real estate market.
Players
Corona 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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93