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14200 Arminta Street, North...

Rexford Industrial Realty Inc. Acquires Industrial Properties In Fullerton, Los Angeles, Compton & Ontario For $163.8M
SOLDIndustrial

Rexford Industrial Realty Inc. Acquires Industrial Properties In Fullerton, Los Angeles, Compton & Ontario For $163.8M

14200 Arminta Street, North Hollywood, California 91605, United States

$163,800,000

$396/SF

Building Size

412,730 SF

Asset Type

Industrial

Closing

Jun 1, 2022

AI

Rexford Industrial Realty Inc. has acquired a diverse portfolio of industrial properties in Fullerton, Los Angeles, Compton, and Ontario for a total sale price of $163,800,000. The assets involved in this transaction include properties located at 14200-14220 Arminta St, 1500 S. Raymond Ave, 2020 S. Central Ave, and 1172 Holt Blvd. With a combined square footage of 412,730, the properties were sold at an average price per square foot of $396.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $163,800,000
  • Address: 14200-14220 Arminta St, 1500 S. Raymond Ave, 2020 S. Central Ave, and 1172 Holt Blvd
  • Market: Fullerton, Los Angeles, Compton, and Ontario

Rexford Industrial Realty Inc., represented by Howard Schwimmer and Michael Frankel, completed the acquisition of these industrial properties. With their expertise, Rexford Industrial Realty Inc. further expands its portfolio in the industrial real estate market.

Players

Howard Schwimmer

Rexford Industrial

Buyer

$3B

vol

30 deals

Buyer

North Hollywood 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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93