Updated Oct 29, 2024
UP Province Holding LLC Acquires Development Site In San Gabriel From Chateau Group USA For $125M
400 W Valley Blvd San Gabriel, CA 91776, USA
$125,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 11, 2023
About this deal
AI
A partially completed mixed-use project, Province San Gabriel, located at 400 West Valley Boulevard in San Gabriel, has been sold by Chateau Group USA for $125 million. The buyer of the development site is UP Province Holding LLC. The project includes retail space, residential units, and parking.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $125,000,000
- Buyer: UP Province Holding LLC
- Seller: Chateau Group USA
- Market: San Gabriel
Chateau Group USA, represented by Eric Chen, has successfully closed the sale of the partially completed mixed-use project, Province San Gabriel, to UP Province Holding LLC. The transaction involved a sale price of $125 million. It remains uncertain whether the buyer intends to complete the development, which comprises retail space, residential units, and parking.
On the Map
$125,000,000
Development Site
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Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93