Updated Dec 2, 2024
Rexford Industrial Acquires Industrial Portfolio In Valencia, Panorama City, Torrance South Bay & Redondo Beach For $218M
29125 Avenue Paine, Valencia, California 91355, United States
$218,000,000
$407/SF
Building Size
535,682 SF
Asset Type
Industrial
Closing
Jun 21, 2022
About this deal
AI
An industrial property located at 29125 Ave. Paine, 2400 Marine Ave., 14350 Arminta St., 20900 Normandie Ave., 14527 & 14434 San Pedro St. has been sold in Valencia, Panorama City, Torrance South Bay, and Redondo Beach. The property spans approximately 535,682 square feet and was sold to Rexford Industrial for a total price of $218,000,000, resulting in a price per square foot of $406.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $218,000,000
Rexford Industrial was the buyer in this transaction.
Players
Valencia 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93