Updated Dec 4, 2024
Rexford Industrial Realty Acquires Anaheim And South El Monte Industrial Sites For $69.5M
600 East Vermont Avenue & 11234 Rush Street
$69,500,000
$94/SF
Building Size
366,000 SF
Asset Type
Industrial
Closing
Jan 4, 2024
About this deal
AI
Rexford Industrial Realty has purchased two industrial sites in Anaheim and South El Monte for a total of $69.5 million. The Anaheim property, acquired from L3Harris for $57 million, will be redeveloped into a 264,000-square-foot building. The South El Monte site, spanning 5 acres, will host a new 102,000-square-foot warehouse.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $69,500,000
- Address: 600 East Vermont Avenue, Anaheim & 11234 Rush Street, South El Monte
- Market: Anaheim & South El Monte
- Acres: 17
Howard Schwimmer and Michael Frankel, representing Rexford Industrial Realty, facilitated the purchase. The sellers involved in the transaction were L3Harris and Foster Poultry Farms.
On the Map
$69,500,000
$94/SF
Industrial
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Players
Anaheim 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93