Joseph Cohen Acquires Industrial Asset In Commerce From Joanna Rosanna For $4.8M
SOLD
$4,800,000
+ 1
California
See Similar DealsIndustrial17,820 SF
Sold 05/02/2025
SOLD
Joseph Cohen Acquires Industrial Asset In Commerce From Joanna Rosanna For $4.8M
6455 Canning Street
See Similar DealsIndustrial17,820 SF
Sold 05/02/2025
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$269
Total Square Footage:17,820 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 6455 Canning Street in the Commerce market. The sale occurred on May 2, 2025, with a total sale price of $4,800,000. The asset encompasses an area of 17,820 square feet, translating to a price per square foot of $269.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,800,000
- Address: 6455 Canning Street
- Market: Commerce
- Square Footage: 17,820
- Price Per Square Foot: $269
- Buyer: Joseph Cohen
- Seller: Joanna Rosanna
- Brokers: Ian Grossman, Zach Boebel, Sean Homsy & JD Vogelzang - Daum Commercial Real Estate Services
The deal was facilitated by the brokerage team from Daum Commercial Real Estate Services, which included Ian Grossman, Zach Boebel, Sean Homsy, and JD Vogelzang, representing the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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