Updated Dec 2, 2024
Rexford Industrial Realty Acquires Southern California Industrial Portfolio For $125.9M
14100 Vine Place, Cerritos, California, USA
$125,900,000
$343/SF
Building Size
366,144 SF
Asset Type
Industrial
Closing
Nov 23, 2021
About this deal
AI
A commercial property consisting of multiple parcels located at 14100 Vine Place, 340-344 Bonnie Circle, 6027 Eastern Avenue, 21515 Western Avenue, and 12027 Greenstone Avenue in Southern California has been sold. The property spans over 19.5 acres and falls under the industrial asset category. The transaction took place on November 23, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $125,900,000
- Square Footage: 366,144
- Price Per Square Foot: $343
The buyer of the property is Rexford Industrial Realty represented by Howard Schwimmer and Michael Frankel.
Note: No additional details were provided regarding any financing or loans associated with the transaction.
Players
Cerritos 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93