Updated Dec 2, 2024
Rexford Industrial Realty Inc Acquires Industrial Asset In Sun Valley, South Bay, Fontana For $73.2M
15650 Avalon Boulevard
$73,200,000
$168/SF
Building Size
434,000 SF
Asset Type
Industrial
Closing
Jul 2, 2020
About this deal
AI
The industrial property located at 15650-15700 S. Avalon Boulevard and 15850 Slover Avenue in Sun Valley, South Bay, Fontana has been sold. The property spans across 434,000 square feet and falls under the asset type of industrial. The sale was finalized on 07/02/2020 for a total price of $73,200,000, resulting in a price per square foot of $168.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $73,200,000
- Square Footage: 434,000
- Market: Sun Valley, South Bay, Fontana
The buyer of the property is Rexford Industrial Realty Inc, represented by Howard Schwimmer & Michael Frankel. The transaction was facilitated by CBRE as the brokers involved in the deal.
Players
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93