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David Kelly Purchases Development Site From Daniel Reeves For $8 Million In Covina

Property Image
SOLD
$8,000,000
Jason Chao
Eric Chen

California

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Development Site99,317 SF
Sold 01/31/2025
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Property Image
SOLD

David Kelly Purchases Development Site From Daniel Reeves For $8 Million In Covina

529 Cutter Way

See Similar Deals
Development Site99,317 SF
Sold 01/31/2025
Jason Chao
Eric Chen
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$80
Total Square Footage:99,317 SF
Transaction Type:Sale

The property asset involved in the transaction is a development site located at 529 Cutter Way in Covina. The sale price of the property was $8,000,000, with a total square footage of 99,317, resulting in a price per square foot of $80.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,000,000
  • Address: 529 Cutter Way
  • Market: Covina
  • Square Footage: 99,317
  • Price per Square Foot: $80
  • Buyer: David Kelly
  • Seller: Daniel Reeves
  • Seller's Representative: Eric Chen & Jason Chao - CBRE

This transaction highlights the roles of the key individuals involved, including buyer David Kelly and seller Daniel Reeves. The seller was represented in the deal by Eric Chen and Jason Chao from CBRE, who facilitated the transaction on behalf of the seller.

Players

Eric Chen
CBRE
Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER
Jason Chao
CBRE
Jason Chao
5 deals$111.3M volume(626) 629-8198
BROKER

Details

SOLD
IMAGE: Eric Chen & Jason Chao DATE: 01/31/2025 ADDRESS: 529 Cutter Way MARKET: Covina ASSET TYPE: Development Site BUYER: David Kelly SELLER: Daniel Reeves SELLER'S REP: Eric Chen (@Eric_c_Chen) & Jason Chao - CBRE (@CBRE) SALE PRICE: $8,000,000 SF: 99,317 ~ PPSF: $80

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Debt Service Coverage Ratio (DSCR)

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