Updated Nov 3, 2026
Matt Perlmutter Acquires Industrial Asset In Richmond VA For $3,200,000 From Matt Schliep
3203 Commerce Road
$3,200,000
Building Size
—
Asset Type
Industrial
Closing
Oct 26, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 3203 Commerce Road in Richmond, VA. The sale was finalized at a transaction amount of $3,200,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Buyer: Matt Perlmutter
- Seller: Matt Schliep
- Brokers: Marc D. Smouha & Martin Cohen - Corepoint RE
- Transaction Date: 10/26/2026
Marc D. Smouha and Martin Cohen represented CorePoint RE in the transaction, highlighting their role in facilitating the deal. They have invited potential clients to connect for opportunities involving IOS or industrial assets.
On the Map
$3,200,000
Industrial
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Players
Richmond 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93