Rexford Industrial Realty Acquires Industrial Portfolio In Inland Empire For $660.9M
SOLD
$660,900,000
California
See Similar DealsIndustrial1,060,000 SF
Sold 07/19/2022
SOLD
Rexford Industrial Realty Acquires Industrial Portfolio In Inland Empire For $660.9M
6221 Archibald Ave, Eastvale, CA 92880
See Similar DealsIndustrial1,060,000 SF
Sold 07/19/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$623
Total Square Footage:1,060,000 SF
Transaction Type:Sale
Located in the Inland Empire market, the industrial property at 6221 & 6251 Archibald Avenue and 14301, 14319, 14337 & 14326 Limonite Avenue has recently been sold. The transaction took place on 07/19/2022, and the property spans 1,060,000 square feet. The sale price for this industrial asset was $660,900,000, resulting in an average price per square foot of $445.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $660,900,000
- Address: 6221 & 6251 Archibald Avenue; 14301, 14319, 14337 & 14326 Limonite Avenue
- Market: Inland Empire
The buyer in this transaction was Rexford Industrial Realty, represented by Howard Schwimmer and Michael Frankel.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$35,248,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,348,038.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,133,003.18
Annual Debt Service$37,596,038.11
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