Joseph Cohen Acquires Industrial Asset In Commerce From Joanna Rosanna For $4.8M
6455 Canning Street
$4,800,000
$269/SF
Building Size
17,820 SF
Asset Type
Industrial
Closing
May 2, 2025
AI
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.
Players
Commerce Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93