Updated Dec 2, 2024
Rexford Industrial Realty Acquires Glassell Park Industrial Asset For $43M
2800 Casitas Avenue, Los Angeles, California 90039, United States
$43,000,000
$367/SF
Building Size
117,000 SF
Asset Type
Industrial
Closing
Feb 27, 2022
About this deal
AI
Rexford Industrial Realty has acquired a industrial property located at 2800 Casitas Ave. in the Glassell Park market. The property spans 117,000 square feet and was sold by Pan Am Equities. The transaction took place on February 28, 2022, with a sale price of $43,000,000. The price per square foot for this transaction amounts to $367.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $43,000,000
- Address: 2800 Casitas Ave.
- Market: Glassell Park
- Buyer: Rexford Industrial Realty - Patrick Schlehuber
- Seller: Pan Am Equities
- Square Footage: 117,000
- Price Per Square Foot: $367
Patrick Schlehuber, representing Rexford Industrial Realty, was the buyer's representative in the transaction.
On the Map
$43,000,000
$367/SF
Industrial
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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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93