Howard Schwimmer And Michael Frankel Of Rexford Industrial Renew Long-Term Leases For Cold Storage Facilities
6700 South Alameda Street & 6020 Sheila Street
Building Size
298,314 SF
Asset Type
Industrial
Closing
Oct 16, 2025
AI
Two industrial freezer-cooler facilities located at 6700 Alameda Street and 6020 Sheila Street in Huntington Park and Commerce, California, have a total square footage of 149,157. These properties are part of the market in Los Angeles County and are owned by Rexford Industrial.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Long-term lease renewals
- Landlord: Howard Schwimmer and Michael Frankel - Rexford Industrial
- Brokers: Tom Sexton and Ted Attalla - NAI Capital
- Note: The lease renewals secure continued operations for essential cold storage facilities within the market.
Howard Schwimmer and Michael Frankel represent Rexford Industrial in this transaction, ensuring the proper management and maintenance of their properties. Tom Sexton and Ted Attalla from NAI Capital have acted on behalf of the tenant during the lease renewals, facilitating the ongoing functionality of the industrial sites in question.
Players
Huntington Park 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