Rexford Industrial Acquires Industrial Property In Cypress For $21.4M

Rexford Industrial has acquired an industrial property located at 5630 Cerritos Avenue in Cypress. The property, spanning over 76,032 square feet, was sold by Penwood Real Estate Investment Management for a total of $21,350,000. This translates to a price per square foot of $281.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,350,000
• Address: 5630 Cerritos Avenue, Cypress
• Square Footage: 76,032
• Market: Cypress
• Buyer: Rexford Industrial
• Seller: Penwood Real Estate Investment Management
• Brokers: Mark Detmer, Matt McRoskey, Andrew Harper, Will Poulsen, Jeffrey Bramson & Louis Tomaselli - JLL

The deal was facilitated by JLL with brokers Mark Detmer, Matt McRoskey, Andrew Harper, Will Poulsen, Jeffrey Bramson, and Louis Tomaselli representing the parties involved. This transaction represents a significant investment in the industrial market in Cypress.