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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Landlord: David J. Hager - Hager Pacific Properties
- Landlord: Howard Schwimmer & Michael S. Frankel - Rexford Industrial Realty
- Tenant: California Supply
- Tenant: Lunada Bay Tile
- Brokers: Dustin Hullinger & Michael Collins - Daum Commercial Real Estate Services
- Brokers: Jim D’Angelo - JD Investments
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
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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