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Fully Occupied Corona Retail Center Trades in All-Cash Deal
CBRE arranged the $7.8-million sale of Main Street Village Center, a 20,000-square-foot-retail center located at 135, 175, and 265 E. Ontario Ave. in Corona. The firm’s Alan Krueger and Vanessa Haddad represented the all-cash, non-trade buyer, Pacific Petroleum, Inc., as well as the seller, LJZ Corona LLC.
“Main Street Village offered a strategic investment opportunity,” said Krueger. “It boasts exceptional tenant retention history, with over 90% of the tenants choosing to remain at this location for more than a decade.”
Main Street Village Center caters to a densely populated community, serving more than 118,000 residents living within a three-mile radius and earning an average annual household income exceeding $120,000. Located across from a major grocery store and pharmacy chain, the fully occupied center features e-commerce resistant services such as Kumon, a fitness center and Yogurtland.
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- ◦Sale/Acquisition
