Rexford Industrial Realty Acquires Irwindale Industrial Property For $40M
SOLD
California
See Similar DealsIndustrial67,508 SF
Sold 01/17/2023
SOLD
Rexford Industrial Realty Acquires Irwindale Industrial Property For $40M
4510 Azusa Canyon Road
See Similar DealsIndustrial67,508 SF
Sold 01/17/2023
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
BUYER
Details
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Deal Type
30 years
10 years
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
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