Howard Schwimmer Of Rexford Industrial Realty Acquires Industrial Property In Ontario For $26.7M | 4422 East Airport Drive | Rebecca Perlmutter Finkel, Darla Longo, Barbara (Emmons) Perrier, Christina Hwa, Ryan Leslie, Corey Guerrero | Industrial | Sale

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:

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

All
8

Agents
6
Agencies
2

Rebecca Perlmutter Finkel

Executive Vice President

$622.4M Sold

Darla Longo

Vice Chairman, Managing Director

$1.1B Sold

Barbara (Emmons) Perrier

Vice Chairman

$1.1B Sold

Christina Hwa

Senior Acquisitions Associate

$26.7M Sold

$26.7M Sold

$26.7M Sold

Details

Deal Summary

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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