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Rexford Industrial Realty Acquires Irwindale Industrial Property For $40M

Property Image
SOLD
$40,000,000

California

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Industrial67,508 SF
Sold 01/17/2023
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Property Image
SOLD

Rexford Industrial Realty Acquires Irwindale Industrial Property For $40M

4510 Azusa Canyon Road

See Similar Deals
Industrial67,508 SF
Sold 01/17/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$592
Total Square Footage:67,508 SF
Transaction Type:Sale

The industrial property located at 4510 Azusa Canyon Road in Irwindale has been sold for $40,000,000. The property spans 8 acres and has a total square footage of 67,508. The sale price per square foot is $593. The transaction took place on January 17, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $40,000,000
  • Address: 4510 Azusa Canyon Road
  • Market: Irwindale
  • Acres: 8

The buyer of the property is Rexford Industrial Realty, while the seller is DS Services of America. The transaction was facilitated by brokers Kevin Sandoval, Dennis Sandoval, and Bryan Sandoval from Daum Commercial.

Players

Kevin Sandoval
1 deal$40M volume(562) 618-9855
BROKER

Dennis Sandoval
Daum Commercial Real Estate Services
3 deals$40M volume(562) 884-9147
BROKER

Bryan Sandoval
Daum Commercial Real Estate Services
1 deal$40M volume(562) 233-0807
BROKER

Rexford Industrial
BUYER

Details

SOLD
IMAGE: Kevin Sandoval, Dennis Sandoval & Bryan Sandoval DATE: 01/17/2023 ADDRESS: 4510 Azusa Canyon Road MARKET: Irwindale ASSET TYPE: Industrial ~ ACRES: 8 BUYER: Rexford Industrial Realty SELLER: DS Services of America BROKERS: Kevin Sandoval, Dennis Sandoval & Bryan Sandoval - Daum Commercial (@DaumCommercialRealEstate) SALE PRICE: $40,000,000 SF: 67,508 ~ PPSF: $593

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88