Updated Dec 21, 2023
Crown Mark Real Estate Brokers Sell Development Site In Upland For $2.25M
1252 East 7th Street, Upland, California 91786, United States
$2,250,000
$68/SF
Building Size
32,982 SF
Asset Type
Development Site
Closing
Oct 7, 2021
About this deal
AI
Located at 1252 E. 7th Street in Upland, this development site was recently sold for a price of $2,250,000. The property spans 32,982 square feet, offering ample space for future development. The sale was facilitated by Ara Markari and Alen Aydinian of Crown Mark Real Estate, who represented the seller James Hester.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,250,000
- Address: 1252 E. 7th Street, Upland
- Market: Upland
- Brokers: Ara Markari & Alen Aydinian - Crown Mark Real Estate
It is worth noting that this transaction presents a promising opportunity for future development in Upland. With its strategic location and considerable square footage, this development site holds great potential for aspiring investors and developers.
Players
Upland Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93