Updated Oct 13, 2026
Progressive Real Estate Partners Sells 4.84 Acres Of Land In Upland For $6.5M By Buyer The Landmark Company
1400 E Arrow Hwy Upland, CA 91786, USA
$6,500,000
Building Size
—
Asset Type
Land
Closing
May 30, 2023
About this deal
AI
Progressive Real Estate Partners has sold 4.84 acres of land located at 1400 East Arrow Highway in Upland, CA. The transaction, which took place on May 30, 2023, involved the sale of the property to The Landmark Company for a total price of $6,500,000 in an all-cash deal.
Summary of transaction details
- Property Type: Land
- Sale Price: $6,500,000
- Address: 1400 East Arrow Highway, Upland, CA
- Market: Upland
- Area: 4.84 acres
The Landmark Company, in collaboration with Century Communities, plans to develop the Rose Glen residential neighborhood on the acquired land. The neighborhood will consist of 64 single-family homes designed in Spanish Colonial and Santa Barbara architectural styles.
The sale was facilitated by Progressive Real Estate Partners, with Paul Galmarini and Chris Lindholm representing the buyer, The Landmark Company.
On the Map
$6,500,000
Land
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93