Updated Dec 2, 2024
Howard Schwimmer's Rexford Industrial Acquires South Bay Industrial Property For $15.5M
15505 South Avalon Boulevard, Compton, CA, USA
$15,500,000
$243/SF
Building Size
63,691 SF
Asset Type
Industrial
Closing
Oct 27, 2020
About this deal
AI
Howard Schwimmer of @Rexford_Industrial is the buyer of the industrial property located at 15505 & 15601 South Avalon Boulevard in South Bay. The property was sold for a total price of $15,500,000. It has a total square footage of 63,691, resulting in a price per square foot of $81.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,500,000
- Market: South Bay
- Address: 15505 & 15601 South Avalon Boulevard
- Buyer: Howard Schwimmer of @Rexford_Industrial
- Square Footage: 63,691
- Price per Square Foot: $81
Howard Schwimmer, representing @Rexford_Industrial, made the purchase for this industrial property. The deal was completed on 10/28/2020.
Compton 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93