Foreman Lam Acquires Industrial Property From Chin Zong Tsai In Covina For $20.85M

The asset involved in this sale is an industrial property located at 753 Arrow Grand Circle in Covina. The transaction amount was $20,848,314 for a total square footage of 72,500, resulting in a price per square foot of $287.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,848,314
• Square Footage: 72,500
• Price per Square Foot: $287
• Buyer: Foreman Lam
• Seller: Chin Zong Tsai
• Broker Representatives: Justin Chiang & Kevin Ching - Lee & Associates
• Transaction Date: 03/28/2025
• Market: Covina

This transaction involved Foreman Lam as the buyer and Chin Zong Tsai as the seller, with representation from brokers Justin Chiang and Kevin Ching from Lee & Associates, who facilitated the deal.