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Upland Apartments Fetch $310K Per Unit
Marcus & Millichap closed the sale of Arrow Townhomes at 614-628 Arrow Hwy., a 18-unit apartment property located in Upland. The asset sold for $5,575,000, or $309,722 per unit
SVP Douglas McCauley and first VP David Covarrubias in Marcus & Millichap’s Inland Empire office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was also secured and represented by McCauley and Covarrubias.
Arrow Townhomes consisted of all two-bedroom townhouse-style apartment units with two-car attached garages. Other amenities included enclosed patios, balconies, central air conditioning and laundry hook-ups in each unit.
“There is always tremendous investor demand for quality real estate,” said McCauley.
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- ◦Sale/Acquisition




