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4422 East Airport Drive
SOLD

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

4422 East Airport Drive

Industrial
88,283 SF
clock iconSold 80 days ago
Rebecca Perlmutter Finkel
Darla Longo
Barbara (Emmons) Perrier
+ 4
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Summary

Sale
CALIFORNIA
Industrial
88,283 sqft

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

  • All

    8

  • Agents

    6

  • Agencies

    2

Rebecca Perlmutter Finkel's profile picture
Rebecca Perlmutter Finkel
CBRE-image
Executive Vice President
$802.4M Sold
Ryan Leslie's profile picture
Corey Guerrero's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: 04/23/2024 ADDRESS: 4422 East Airport Drive MARKET: Ontario ASSET TYPE: Industrial BUYER: Howard Schwimmer - Rexford Industrial Realty Inc. BUYER'S REP: Christina Hwa, Corey Guerrero & Ryan Leslie - Rexford Industrial SELLER'S REP: Barbara Perrier, Darla Longo & Rebecca Perlmutter Finkel - CBRE SALE PRICE: $26,700,000 SF: 88,283 ~ PPSF: $302 NOTE: Rexford Industrial Realty Inc., specializing in Southern California industrial properties, purchased 4422 Airport Dr. in Ontario, Inland Empire – West submarket, for $26.7 million ($303 per square foot), as revealed in its Q1 earnings report. The 88,283-square-foot building, fully leased to two tenants, offers a 5.5% initial unlevered stabilized yield and is situated alongside other Rexford-owned properties, with CBRE brokers facilitating the transaction.

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Address4422 East Airport Drive

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