Rexford Industrial Realty Inc. Acquires Industrial Property In Eastvale For $84.5M
13890 Nelson Avenue East, City of Industry, CA 91746, USA
$84,500,000
$185/SF
Building Size
456,000 SF
Asset Type
Industrial
Closing
Apr 17, 2019
AI
Rexford Industrial Realty Inc. has acquired an industrial property located at 13890 E. Nelson Ave for a total price of $84,500,000. The property, spanning across 456,000 square feet, was sold by Colony Capital Inc. The deal was facilitated by Bret Hardy and Kevin Shannon from Newmark Knight Frank.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $84,500,000
- Address: 13890 E. Nelson Ave
- Square Footage: 456,000
Bret Hardy and Kevin Shannon, brokers from Newmark Knight Frank, played a significant role in closing this transaction.
Players
City of Industry Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93