CBRE And Cushman & Wakefield Brokers Complete $69.8M Industrial Sale In Commerce

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.