Rexford Industrial Sells Two Industrial Properties For $45.5 Million In Valencia And Fontana

The transaction involved two industrial properties located at 29010 Avenue Paine and 13700-13738 Slover Avenue. The properties were sold for a combined total of $45.5 million. The first asset is a fully leased 100,160-square-foot industrial building in Valencia, part of the San Fernando Valley, which sold for $31 million. The second asset is a 4.2-acre vacant site in Fontana, situated in the Inland Empire, acquired for $14.5 million. Both properties were acquired by owner-users, reflecting strong demand for industrial space in the Greater Los Angeles area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $45,500,000
• Seller: Laura Clark - Rexford Industrial
• Buyer: Owner-users
• First Property Address: 29010 Avenue Paine, Valencia
• First Property Sale Price: $31,000,000
• First Property Square Footage: 100,160
• Second Property Address: 13700-13738 Slover Avenue, Fontana
• Second Property Sale Price: $14,500,000
• Second Property Acreage: 4.2 acres
• Market: Greater Los Angeles

Laura Clark represented Rexford Industrial in this significant transaction, facilitating the sale of the two industrial properties which demonstrates continued interest from owner-users in acquiring industrial space within the region.