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.