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

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.