Updated Dec 2, 2024
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
About this deal
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.
On the Map
$163,800,000
$396/SF
Industrial
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Players
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