MJW Investments Purchases Coventry Square Apartments In Upland From Tsang & Chan Family For $21M

The transaction involved the sale of Coventry Square Apartments, located at 1012 West Arrow Highway in Upland. This multifamily property features 92 units within a 68,400-square-foot complex built in 1990. The sale price was $21 million, resulting in a price per unit of $228,261. The complex includes two-bedroom apartments along with amenities such as a pool, carport parking, and park-like grounds.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,000,000
• Units: 92
• Price Per Unit: $228,261
• Address: 1012 West Arrow Highway
• Market: Upland
• Buyer: Mark Weinstein - MJW Investments
• Seller: Tsang & Chan Family
• Buyer's Representatives: Endri Hoxha - Coldwell Banker Commercial Realty; Philip Batlin - Marcus & Millichap
• Seller's Representative: Sarah Hillhouse - Coldwell Banker Commercial Realty

The acquisition was handled by Mark Weinstein, representing MJW Investments as the buyer. The seller, Tsang & Chan Family, had their interests represented by Sarah Hillhouse. The buyer's representation included Endri Hoxha from Coldwell Banker Commercial Realty and Philip Batlin from Marcus & Millichap, both of whom played a significant role in facilitating the transaction.