Corona, CA
CBRE Announces $7.8 Million Sale of Main Street Village Center in Corona, CA
April 16, 2024
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CBRE has arranged the $7.8 million sale of a 20,000 square foot retail center located at 135, 175, and 265 East Ontario Ave. in Corona, Calif.
CBRE’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 Mr. 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 with over 118,000 residents within a three-mile radius and an average annual household income exceeding $120,000. Strategically located across from a major grocery store and pharmacy chain, the fully occupied center features valuable, e-commerce resistant services such as Kumon, a fitness center, and Yogurtland.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.