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Rexford Industrial Sells Two Oceanside Industrial Buildings For $14.7 Million

Property Image
SOLD
$14,700,000
Howard Schwimmer
Michael Frankel

California

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Industrial51,000 SF
Sold 09/03/2025
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SOLD

Rexford Industrial Sells Two Oceanside Industrial Buildings For $14.7 Million

1336 Rocky Point Drive

See Similar Deals
Industrial51,000 SF
Sold 09/03/2025
Howard Schwimmer
Michael Frankel
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$288
Total Square Footage:51,000 SF
Transaction Type:Sale

The transaction involved two vacant industrial buildings located at 1332 & 1336 Rocky Point Drive in Oceanside. The properties together comprise a total of 51,000 square feet, with a sale price of $14,700,000, equating to a price per square foot of $288.

Summary of transaction details:

Rexford Industrial Realty executed this sale as part of a larger $32 million disposition strategy in the third quarter, which also included a property in Pico Rivera. The REIT has sold five assets year-to-date for a total value of $166 million, utilizing the proceeds to repurchase $100 million of shares, thereby enhancing its balance sheet.

Players

Howard Schwimmer
Rexford Industrial
Howard Schwimmer
30 deals$3B volume
SELLER
Michael Frankel
Rexford Industrial
Michael Frankel
21 deals$2.7B volume
SELLER
Rexford Industrial
Rexford Industrial
SELLER

Details

SOLD
IMAGE: Howard Schwimmer & Michael Frankel DATE: 09/03/2025 ADDRESS: 1332 & 1336 Rocky Point Drive MARKET: Oceanside ASSET TYPE: Industrial SELLER: Howard Schwimmer (@HowardSchwimmer) & Michael Frankel - Rexford Industrial (@Rexford_Industrial) SALE PRICE: $14,700,000 SF: 51,000 ~ PPSF: $288 NOTE: Rexford Industrial Realty sold two vacant Oceanside buildings totaling 51K SF for $14.7M, part of a $32M Q3 disposition strategy that also included a Pico Rivera property. Year-to-date, the REIT has sold five assets for $166M, using proceeds to repurchase $100M of shares and strengthen its balance sheet.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$784,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$52,225.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,685.50
Annual Debt Service$836,226.00