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6687 Flotilla St, Commerce,...

Rexford Industrial Acquires Commerce Property At 6687 Flotilla St For $21 Million
SOLDIndustrial

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:

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

Jeffrey Stephens

Compass

Broker

$22.1M

vol

2 deals

Broker
Rexford Industrial
Rexford IndustrialBuyer

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