Description

This offering represents a rare and compelling opportunity to acquire approximately 7 acres of prime infill land in the highly desirable City of Upland, California. The property consists of two contiguous parcels currently improved with approximately 68,520 square feet of industrial buildings, including mezzanine office and storage areas totaling approximately 81,400 square feet. Strategically located with immediate access to Interstate 10 and in close proximity to Downtown Upland, the site benefits from strong surrounding amenities, including a diverse mix of restaurants, retail, and essential services. The property is also situated adjacent to established residential neighborhoods, enhancing its long-term redevelopment appeal. The asset is currently income-producing, with all in-place leases featuring flexible 60–90 day termination clauses, providing investors with maximum optionality—either to maintain interim cash flow or to reposition and redevelop the site in the near term. The property is designated under R-20 residential zoning, allowing for up to 20 dwelling units per acre. The City of Upland has prioritized these parcels for future residential development, with entitlement and construction anticipated to commence after October 2027. Importantly, in response to California’s ongoing housing shortage, the City has shown a pro-development stance, including openness to increased density through density bonus incentives and planning negotiations. This creates a significant opportunity for developers to maximize unit yield and overall project value. Given its location, scale, and zoning flexibility, the site is well-suited for a variety of residential development concepts, including:Townhom communities Small-lot single-family subdivisions Multifamily apartment projects The property is being offered for sale on an open bid basis. Qualified buyers are invited to submit their highest and best offers