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13255 South Broadway

Hager Pacific Properties Renews Lease With California Supply And Rexford Industrial Realty Renews With Lunada Bay Tile
LEASEDIndustrial

Hager Pacific Properties Renews Lease With California Supply And Rexford Industrial Realty Renews With Lunada Bay Tile

13255 South Broadway & 1661 West 240th Street

Building Size

408,000 SF

Asset Type

Industrial

Closing

May 14, 2025

AI

The transaction involved two properties located at 13255 South Broadway in South L.A. and 1661 240th Street in Harbor City, both situated in the Los Angeles and Harbor City markets. The total square footage for the leases combined is 204,000 square feet. The landlord for the property at 13255 South Broadway is David J. Hager from Hager Pacific Properties. The landlord for the property at 1661 240th Street is represented by Howard Schwimmer and Michael S. Frankel from Rexford Industrial Realty.

Summary of transaction details:

Hager Pacific Properties renewed a 108,000 square feet lease with California Supply, with Michael Collins and Dustin Hullinger from Daum Commercial representing both sides. Meanwhile, Rexford Industrial Realty renewed a 96,000 square feet lease with Lunada Bay Tile at the Harbor City location, with Collins representing Rexford and Jim D’Angelo of JD Investments representing the tenant.

Players

Michael Collins

Daum Commercial Real Estate Services

Broker

$20M

vol

4 deals

Broker
Howard Schwimmer

Howard Schwimmer

Rexford Industrial

Landlord

$3B

vol

30 deals

Landlord
Rexford Industrial
Rexford IndustrialLandlord

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93