Rexford Industrial Acquires Commerce Property At 6687 Flotilla St For $21 Million
6687 Flotilla St, Commerce, CA, 90040
$21,000,000
$175/SF
Building Size
120,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 6687 Flotilla St, Commerce, CA 90040. The industrial facility was sold for $21,000,000.00 and boasts a total square footage of 120,000. The asset sits on five acres and features office space, clear heights ranging from 20 feet to 24 feet, extensive dock-high loading, and a large secured yard.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,000,000.00
- Address: 6687 Flotilla St, Commerce, CA 90040
- Market: Commerce
- Square Footage: 120,000
- Seller's Representatives: Evan Crawford - CBRE, Jack Mergenthaler - CBRE, Jeffrey Stephens - Compass
- Buyer: Rexford Industrial
Rexford Industrial acquired the facility from a private seller. The current occupant of the property is Color Image Apparel, a clothing manufacturing company based in Los Angeles. The seller was represented by the team of Evan Crawford, Jack Mergenthaler, and Jeffrey Stephens.
Players
Commerce 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93