Rexford Industrial Realty Acquires Bandini Boulevard Industrial Property In Commerce For $91.5M
SOLD
$91,500,000
California
See Similar DealsIndustrial183,000 SF
Sold 08/02/2022
SOLD
Rexford Industrial Realty Acquires Bandini Boulevard Industrial Property In Commerce For $91.5M
6027 Bandini Boulevard, Commerce, California 90040, United States
See Similar DealsIndustrial183,000 SF
Sold 08/02/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$500
Total Square Footage:183,000 SF
Transaction Type:Sale
The industrial property located at 6027 & 6000-6052 Bandini Boulevard in Commerce has been sold for a price of $91,500,000. The property covers a total area of 183,000 square feet, resulting in a price per square foot of $500.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $91,500,000
- Address: 6027 & 6000-6052 Bandini Boulevard
- Market: Commerce
The sale was facilitated by Zac Sakowski, Chad Solomon, and Brianna Demus from JLL Capital Markets, representing the buyer, Rexford Industrial Realty.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,879,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$325,080.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$433,756.68
Annual Debt Service$5,205,080.17
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