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840 North Main Street

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

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:

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

CBRE

Broker

$26.5M

vol

4 deals

Broker
CBRE
CBREBrokerage

Corona Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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