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:
- Property Type: Industrial
- Transaction Amount: $26,700,000
- Buyer: Howard Schwimmer - Rexford Industrial Realty Inc.
- Buyer's Representative: Christina Hwa, Corey Guerrero & Ryan Leslie - Rexford Industrial
- Seller's Representative: Barbara Perrier, Darla Longo & Rebecca Perlmutter Finkel - CBRE
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
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