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:
- 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.
Players
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