CBRE Announces $7.8 Million Sale of Main Street Village Center in Corona, CA

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.