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8400 Ronda Drive

Kumo Capital Acquires Industrial Property In Canton MI From CW Capital Asset Management For $6.73M
SOLDIndustrial

Kumo Capital Acquires Industrial Property In Canton MI From CW Capital Asset Management For $6.73M

8400 Ronda Drive

$6,730,000

$48/SF

Building Size

138,071 SF

Asset Type

Industrial

Closing

Jul 25, 2024

AI

The property involved in the transaction is located at 8400 Ronda Drive, Canton, MI. It is an industrial asset with a total square footage of 138,071. The sale price for the property was $6,730,000, translating to a price per square foot of $48.

Summary of transaction details:

Kumo Capital, the buyer in this transaction, was represented by Michael Kuritnik, Boris Kuritnik, Victoria Kuritnik, and Alexander Kuritnik. They represent the interests of Kumo Capital in the acquisition of this industrial property.

Players

Michael Kuritnik

Kumo Capital

Broker

$42.1M

vol

6 deals

Broker

Canton 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

2.36%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93