Evergreen Liu Acquires Industrial Property From Longpoint Partners For $14.42M In Commerce
SOLD
$14,423,100
California
See Similar DealsIndustrial55,050 SF
Sold 11/07/2025
SOLD
Evergreen Liu Acquires Industrial Property From Longpoint Partners For $14.42M In Commerce
2140 Davie Avenue
See Similar DealsIndustrial55,050 SF
Sold 11/07/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$262
Total Square Footage:55,050 SF
Transaction Type:Sale
The industrial property located at 2140 Davie Avenue in Commerce has been sold for $14,423,100. The asset encompasses a total area of 55,050 square feet, resulting in a price per square foot of $262.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $14,423,100
- Buyer: Evergreen Liu
- Seller: Longpoint Partners
- Broker: Brendan Phinny - Newmark
Brendan Phinny of Newmark represented the seller Longpoint Partners in this transaction, facilitating the exchange of the industrial asset. The completion of this sale marks a noteworthy event in the local commercial real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$769,231.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,242.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,372.85
Annual Debt Service$820,474.23
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