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4422 East Airport Drive

Howard Schwimmer Of Rexford Industrial Realty Acquires Industrial Property In Ontario For $26.7M
SOLDIndustrial

Howard Schwimmer Of Rexford Industrial Realty Acquires Industrial Property In Ontario For $26.7M

4422 East Airport Drive

$26,700,000

$302/SF

Building Size

88,283 SF

Asset Type

Industrial

Closing

Apr 23, 2024

AI

The industrial property located at 4422 East Airport Drive in Ontario was sold for $26,700,000. Spanning 88,283 square feet, the building was acquired by Rexford Industrial Realty Inc. The transaction price equates to $302 per square foot in the Ontario market.

Summary of transaction details:

The sale of the 88,283-square-foot industrial property at 4422 East Airport Drive in Ontario was facilitated with the involvement of Howard Schwimmer from Rexford Industrial Realty Inc. leading the purchasing team. On the selling side, the transaction was represented by Barbara Perrier, Darla Longo, and Rebecca Perlmutter Finkel from CBRE.

Players

Darla Longo

CBRE

Broker

$1.3B

vol

22 deals

Broker

Ontario 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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93