WMC Commercial Properties Acquires Multifamily Community In Upland For $48.5M

The property asset involved in the transaction is Upland Village Green, a multifamily community located at 1420 Chaffee Street in Upland, CA. It was acquired for $48.5 million, transitioning ownership from an undisclosed seller to WMC Commercial Properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,500,000
• Buyer: WMC Commercial Properties
• Address: 1420 Chaffee Street
• Market: Upland, CA
• Brokers: Kevin Green, Joseph Grabiec, Chris Zorbas, Greg Harris - Institutional Property Advisors (IPA) - Marcus & Millichap

The deal was brokered by Institutional Property Advisors, with Kevin Green, Joseph Grabiec, Chris Zorbas, and Greg Harris representing the seller and also procuring the buyer in the transaction.