Kumo Capital Acquires Industrial Property In Canton MI From CW Capital Asset Management For $6.73M
SOLD
$6,730,000
+ 1
Michigan
See Similar DealsIndustrial138,071 SF
Sold 07/25/2024
SOLD
Kumo Capital Acquires Industrial Property In Canton MI From CW Capital Asset Management For $6.73M
8400 Ronda Drive
See Similar DealsIndustrial138,071 SF
Sold 07/25/2024
+ 1
Summary
MICHIGAN
Asset Type:Industrial
Price Per Square Foot:$48
Total Square Footage:138,071 SF
Transaction Type:Sale
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:
- Property Type: Industrial
- Transaction Amount: $6,730,000
- Address: 8400 Ronda Drive
- Market: Canton, MI
- Square Footage: 138,071
- Price per Square Foot: $48
- Buyer: Kumo Capital
- Seller: CW Capital Asset Management
- Buyer's Representatives: Michael Kuritnik, Boris Kuritnik, Victoria Kuritnik & Alexander Kuritnik - Kumo Capital
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$358,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,910.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,903.63
Annual Debt Service$382,843.60
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