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Kenny Lau & Pat Delaney Complete $8.83M Industrial Sale In Upland

Property Image
SOLD
$8,828,625
Kenny Lau
Patrick (Pat) Delaney

California

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Industrial45,700 SF
Sold 04/05/2024
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Property Image
SOLD

Kenny Lau & Pat Delaney Complete $8.83M Industrial Sale In Upland

903 North Central Avenue

See Similar Deals
Industrial45,700 SF
Sold 04/05/2024
Kenny Lau
Patrick (Pat) Delaney
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$193
Total Square Footage:45,700 SF
Transaction Type:Sale

903-933 N Central Ave, commonly known as Central Park, is a 24-unit industrial park in Upland, CA. The property was sold for $8,828,625, offering a total of 45,700 square feet with a price per square foot of $193. The transaction took place with Pat Delaney from Lee & Associates - Orange representing the buyer and Kenny Lau from KW Executive Lollapalooza Group representing the seller.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,828,625
  • Address: 903 North Central Avenue
  • Market: Upland
  • Buyer's Rep: Pat Delaney - Lee & Associates - Orange
  • Seller's Rep: Kenny Lau - KW Executive Lollapalooza Group

For more insights on the Central Park industrial park in Upland, CA, visit Kenny Lau's Instagram profile @kennyh.lau.

Players

Kenny Lau
Keller Williams Realty
Kenny Lau
1 deal$8.8M volume(909) 569-4395
BROKER
Patrick (Pat) Delaney
Lee & Associates
Patrick Delaney
2 deals$11.1M volume(714) 742-7940
BROKER

Details

SOLD
IMAGE: Kenny Lau & Pat Delaney DATE: 04/05/2024 ADDRESS: 903 North Central Avenue MARKET: Upland ASSET TYPE: Industrial BUYER'S REP: Pat Delaney (@Aspiringtoachieveenlightenment) - Lee & Associates - Orange (@LeeAssociatesOrange) SELLER'S REP: Kenny Lau (@Kennyh.Lau) - KW Executive Lollapalooza Group (@LollapaloozaRealty) SALE PRICE: $8,828,625 SF: 45,700 ~ PPSF: $193 NOTE FROM SELLER'S REP: 903-933 N Central Ave, commonly known as Central Park, is a 24-unit industrial park in Upland, CA. Discover more insights on Instagram @kennyh.lau

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,366.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,852.19
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