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Rexford Industrial Acquires Industrial Property In Chino For $27.5M

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SOLD
$27,500,000

California

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Industrial288,862 SF
Sold 04/07/2023
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Property Image
SOLD

Rexford Industrial Acquires Industrial Property In Chino For $27.5M

13925 Benson Avenue

See Similar Deals
Industrial288,862 SF
Sold 04/07/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:288,862 SF
Transaction Type:Sale

The industrial property located at 13925 Benson Avenue in Chino has been sold in a closed transaction. The property spans a total area of 288,862 square feet and was sold for $27,500,000, resulting in a price per square foot of $95.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $27,500,000

Rexford Industrial acquired the property from Ricky Martin. The deal was facilitated by Shy Assar from Voit Real Estate Services, who represented the buyer in this transaction.

Players

5 deals$248.7M volume
BROKER

Rexford Industrial
BROKERAGE

Details

SOLD
IMAGE: Shy Assar DATE: 04/07/2023 ADDRESS: 13925 Benson Avenue MARKET: Chino ASSET TYPE: Industrial BUYER: Rexford Industrial (@Rexford_Industrial) SELLER: Ricky Martin BROKER: Shy Assar (@Shayan_a_) - Voit Real Estate Services (@Voitrealestate) SALE PRICE: $27,500,000 SF: 288,862 ~ PPSF: $95

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

$1,466,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36