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14243 Bessemer Street, Van ...

Updated Dec 2, 2024

Rexford Industrial Realty Acquires Industrial Assets In San Fernando Valley, Carson, Vernon & Oceanside For $65M
SOLDIndustrial

Rexford Industrial Realty Acquires Industrial Assets In San Fernando Valley, Carson, Vernon & Oceanside For $65M

14243 Bessemer Street, Van Nuys, California 91401, United States

$65,000,000

$431/SF

Building Size

150,736 SF

Asset Type

Industrial

Closing

Mar 31, 2022

About this deal

AI

An industrial property located at 14243 Bessemer Street, 17011, 17023 & 17027 South Central Avenue, 2970 East 50th Street, and 2843 Benet Road in San Fernando Valley, Carson, Vernon, and Oceanside was recently sold for a total price of $65,000,000. The property encompasses a total of 150,736 square feet, resulting in a price per square foot of $431.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $65,000,000
  • Address: 14243 Bessemer Street, 17011, 17023 & 17027 South Central Avenue, 2970 East 50th Street, 2843 Benet Road
  • Market: San Fernando Valley, Carson, Vernon, and Oceanside

The buyer in this transaction was Rexford Industrial Realty, represented by Howard Schwimmer and Michael Frankel. The seller was New Mountain Capital. The deal was facilitated by a team of brokers from CBRE, including Vincent Polce, Robert Bickel, Barbara Perrier, Eric Cox, and Rebecca Perlmutter.

On the Map

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$65,000,000

$431/SF

Industrial

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Players

Barbara Perrier

CBRE

Broker

$1.8B

vol

37 deals

Broker
Howard Schwimmer

Howard Schwimmer

Rexford Industrial

Buyer

$3B

vol

31 deals

Buyer
NC
New Mountain CapitalSeller
Bilt advertisement

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $431 per square foot on a published $65M for 150,736 square feet (2022).

Visit Rebecca Perlmutter Finkel to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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