Updated May 4, 2026
Laura Clark Of Rexford Industrial Purchases 6.8-Acre Development Site In Brea For $16.5M
423 Berry Way
$16,500,000
Building Size
—
Asset Type
Development Site
Closing
Apr 27, 2026
About this deal
AI
The property asset involved in this transaction is a 6.8-acre development site located at 423-424 Berry Way in Brea. The site was sold for a price of $16,500,000 within the local market. This development site represents a strategic move in the realm of industrial real estate.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,500,000
- Buyer: Laura Clark
- Buyer's Company: Rexford Industrial
- Market: Brea
- Planned Construction Spending Preserved: $31 million
The deal involved Laura Clark representing Rexford Industrial, which opted to sell the development site as part of its strategy to exit near-term development projects. This transaction aligns with the company's broader capital recycling plan, as they are shifting funds towards share buybacks in response to softer industrial leasing conditions.
On the Map
$16,500,000
Development Site
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Brea Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93