CBRE And Cushman & Wakefield Brokers Complete $69.8M Industrial Sale In Commerce
SOLD
$69,836,125
+ 1
California
See Similar DealsIndustrial230,000 SF
Sold 04/01/2022
SOLD
CBRE And Cushman & Wakefield Brokers Complete $69.8M Industrial Sale In Commerce
5743 Smithway Street, Commerce, California 90040, United States
See Similar DealsIndustrial230,000 SF
Sold 04/01/2022
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$303
Total Square Footage:230,000 SF
Transaction Type:Sale
The industrial property located at 5743 Smithway St. in Commerce was recently sold in a closed transaction. The property is a cold storage facility, spanning 230,000 square feet. It was sold for a price of $69,836,125, resulting in a price per square foot of $303.
Summary of Transaction Details
- Property Type: Industrial (Cold Storage)
- Transaction Amount: $69,836,125
- Square Footage: 230,000
- Address: 5743 Smithway St.
- Market: Commerce
In representing the buyer, Tim Wallace from Cushman & Wakefield played a key role in the transaction. On the opposite side, Art Rasmussen, David Norrie, and Ryan Lin from CBRE represented the seller.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,724,593.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$248,113.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$331,058.86
Annual Debt Service$3,972,706.33
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