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10625 Cohasset Street

Lee Kleinman Of Business Finance Capital Provides $3.78 Million SBA 504 Loan For Sam Tiffany's Property In Sun Valley
FINANCEDIndustrial

Lee Kleinman Of Business Finance Capital Provides $3.78 Million SBA 504 Loan For Sam Tiffany's Property In Sun Valley

10625 Cohasset Street

$3,780,000

$258/SF

Building Size

14,600 SF

Asset Type

Industrial

Closing

Mar 31, 2025

AI

The property asset involved in the transaction is located at 10625 Cohasset Street in Sun Valley, comprising an industrial space with a total area of 14,600 square feet. The loan amount secured for this acquisition is $3,780,000, with the property traded for $5,149,500, utilizing the SBA 504 program for an owner user purchase.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,149,500
  • Loan Amount: $3,780,000
  • Loan Type: Acquisition
  • Loan Terms: Owner user purchase through the SBA 504 program
  • Lender: Lee Kleinman - Business Finance Capital CDC
  • Landlord: Sam Tiffany
  • Date: 03/31/2025

Key individuals involved in the deal include Lee Kleinman, a 36-year veteran in financial services with over $1 billion in fundings, representing Business Finance Capital, a top local and nationally ranked Community Development Corporation (CDC). Sam Tiffany acts as the landlord in this transaction.

Players

Lee Kleinman

Business Finance Capital CDC

Lender

$145.2M

vol

25 deals

Lender
Business Finance Capital CDC
Business Finance Capital CDCLender

Sun Valley Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.20%

Cash-on-Cash

-1.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93