DAUM REPRESENTS BOTH PARTIES IN THE SALE OF A 18,500 SF INDUSTRIAL INVESTMENT PROPERTY IN UPLAND, CANov 21, 2014
DAUM Commercial Real Estate Services announced today that it represented both parties in the sale of an 18,500 square foot industrial building in Upland, CA. The property is located at 1333 W. 9th Street and sits on 4.75 acres of land. The building offers approximately 4,000 square feet of office space, 16’ clearance, one dock-high loading position and three ground level loading doors, and a fenced yard. The total consideration of the sale was $3,290,000 ($178 PSF).
Chris Migliori of DAUM’s Orange County office represented the buyer, Bluewater-Dupont LLC, while Eric Burney of DAUM’s Inland Empire office represented the seller, Philip J. Gentile Jr. Trust in the transaction. The property was sold as a leased investment, Cascade Drilling LP being the sole tenant in the building.
DAUM Commercial Real Estate Services provides a full array of commercial real estate services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management. Founded in 1904, DAUM is California’s oldest and most experienced commercial real estate brokerage company. DAUM has 9 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.
DAUM Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network. More information is available at www.oncorintl.com.