Yong Long Li Acquires Industrial Property In Commerce For $3.9M
6415 Canning Street
$3,900,000
$341/SF
Building Size
11,410 SF
Asset Type
Industrial
Closing
Jan 19, 2024
AI
The industrial property located at 6415 Canning Street in Commerce has been sold in a closed transaction. The property spans a total area of 11,410 square feet and was sold for a price of $3,900,000. This translates to a price per square foot of $342. The transaction took place on January 19, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Address: 6415 Canning Street
- Market: Commerce
- Buyer: Yong Long Li
- Seller: Howard Deutchman
- Buyer's Representative: Steve Chang - Chang Investment Group of KW Commercial
- Seller's Representative: Michael Daniels - Kidder Mathews
The buyer in this transaction was Yong Long Li, while the seller was Howard Deutchman. Representing the buyer was Steve Chang from Chang Investment Group of KW Commercial, and representing the seller was Michael Daniels from Kidder Mathews.
Players
Commerce Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93