Updated Dec 4, 2024
Rexford Industrial Acquires Industrial Property In East Los Angeles For $93.6M
2425 East 12th Street, Los Angeles, CA 90021, USA
$93,600,000
$363/SF
Building Size
257,851 SF
Asset Type
Industrial
Closing
Jun 29, 2020
About this deal
AI
Located in East Los Angeles, the industrial property at 2425-2535 E. 12th St. has been sold in a recent transaction. The property, spanning 257,851 square feet, was acquired by Rexford Industrial for a total sale price of $93,600,000. This translates to approximately $363 per square foot. The deal took place on June 29, 2021, and the seller was Bridge Industrial.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $93,600,000
- Address: 2425-2535 E. 12th St., East Los Angeles
- Market: East Los Angeles
- Buyer: Rexford Industrial
- Seller: Bridge Industrial
- Square Footage: 257,851
- Price Per Square Foot: $363
The property sale was facilitated by Howard Schwimmer, Michael S. Frankel, and Steve Poulos. They represented the buyer, Rexford Industrial, in the transaction. This deal marks a significant transaction in the industrial real estate market of East Los Angeles.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93