Rexford Industrial Realty Inc Acquires Industrial Assets In Carson, Torrance, And Fontana For $198.1M
2130 East Del Amo Boulevard, Carson, California 90220, United States
$198,100,000
$382,432/SF
Building Size
518 SF
Asset Type
Industrial
Closing
Jun 1, 2023
AI
The industrial property located at 2130-2140 E. Del Amo Blvd., 20455 S. Reeves Ave, 19145 Gramercy Place, 14874 Jurupa Ave, and 10600 Mulberry Ave in Carson, Torrance, and Fontana has been sold. The property spans a total of 518,931 square feet and is categorized as an industrial asset. The transaction took place on January 6, 2023, with a sale price of $198,100,000, resulting in a price per square foot of $382.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $198,100,000
- Buyer: Rexford Industrial Realty Inc - Howard Schwimmer & Michael Frankel
- Seller: IDI Logistics
- Market: Carson, Torrance & Fontana
Rexford Industrial Realty Inc, represented by Howard Schwimmer and Michael Frankel, acquired the property from IDI Logistics. The buyer is an important player in the industrial real estate market, solidifying their portfolio with this acquisition.
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93