Rexford Industrial Realty Inc. Acquires Industrial Properties In Fullerton, Los Angeles, Compton & Ontario For $163.8M
SOLD
$163,800,000
California
See Similar DealsIndustrial412,730 SF
Sold 06/02/2022
SOLD
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
See Similar DealsIndustrial412,730 SF
Sold 06/02/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$396
Total Square Footage:412,730 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,736,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$581,946.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$776,495.57
Annual Debt Service$9,317,946.80
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