Updated Dec 4, 2024
Kenny Lau & Pat Delaney Complete $8.83M Industrial Sale In Upland
903 North Central Avenue
$8,828,625
$193/SF
Building Size
45,700 SF
Asset Type
Industrial
Closing
Apr 5, 2024
About this deal
AI
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.
On the Map
$8,828,625
$193/SF
Industrial
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Players
Upland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93