Developer Acquires Mixed-Use Property In Upland, CA For $5.2M

A mixed-use property located at 167 Sultana Street in Upland, CA was recently sold for $5,200,000. The property spans a total of 110,018 square feet, resulting in a price per square foot of $47. The sale took place on March 19, 2021, and was facilitated by Benji Gribnau, Leor Binshtock, and Jake Zacuto.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,200,000
• Square Footage: 110,018 sqft
• Price per Square Foot: $47
• Address: 167 Sultana Street
• Market: Upland

The buyer, who is a developer working through entitlements, plans to construct 140 luxury multifamily units in the thriving and up-and-coming area of Upland, CA. This purchase presents a significant opportunity for further development in this dynamic market.