Rexford Industrial Acquires Industrial Property In Los Angeles For $28M
1501 Rio Vista Avenue, Los Angeles, California 90023, United States
$28,000,000
$521/SF
Building Size
53,651 SF
Asset Type
Industrial
Closing
Mar 23, 2022
AI
Rexford Industrial has closed a deal to purchase an industrial property in Los Angeles. The property, located at 1501-1545 Rio Vista, spans 53,651 square feet. The sale price for the transaction was $28,000,000, resulting in a price per square foot of $521.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,000,000
- Address: 1501-1545 Rio Vista
- Market: Los Angeles
- Square Footage: 53,651
- Buyer: Rexford Industrial
- Broker: Jerry Sackler - DAUM Commercial
This deal was facilitated by Jerry Sackler of DAUM Commercial, who represented Rexford Industrial in the transaction.
Players
Los Angeles 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93