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Costanzo Investments Sells Retail Properties In Corona For $12.23M With Representatives David McNevin Melissa Marshall & Ian Schroeder

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SOLD
$12,230,000

California

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Retail8,843 SF
Sold 10/28/2025
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SOLD

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

See Similar Deals
Retail8,843 SF
Sold 10/28/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,383
Total Square Footage:8,843 SF
Transaction Type:Sale

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:

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

David McNevin
4 deals$26.5M volume
BROKER

Melissa (Ley) Marshall
CBRE
4 deals$26.5M volume
BROKER

Ian Schroeder
CBRE
4 deals$26.5M volume
BROKER

CBRE
BROKERAGE

Details

SOLD
IMAGE: David McNevin, Melissa Marshall & Ian Schroeder DATE: 10/28/2025 ADDRESS: 840 North Main Street, 860 North Main Street & 870 North Main Street MARKET: Corona ASSET TYPE: Retail SELLER: Costanzo Investments SELLER'S REP: David McNevin (@David_McNevin_), Melissa Marshall (@_Melissa_Marshall) & Ian Schroeder - CBRE (@CBRE) SALE PRICE: $12,230,000 SF: 8,843 ~ PPSF: $1,383

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$652,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$43,450.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,976.44
Annual Debt Service$695,717.27