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Rexford Industrial Acquires Property From MetLife Inc For $53.9 Million In Inglewood

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SOLD
$53,900,000

California

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Industrial143,436 SF
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SOLD

Rexford Industrial Acquires Property From MetLife Inc For $53.9 Million In Inglewood

687 N Eucalyptus Ave, Inglewood, CA...

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Industrial143,436 SF
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$375
Total Square Footage:143,436 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 687 N Eucalyptus Ave, Inglewood, CA. This commercial property has a total area of 143,436 square feet and was sold for a price of $53,900,000. The transaction took place within the Inglewood market.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $53,900,000.00
  • Address: 687 N Eucalyptus Ave, Inglewood, CA
  • Square Footage: 143,436
  • Market: Inglewood
  • Seller: MetLife Inc
  • Buyer: Rexford Industrial
  • Seller's Representative: Kelli Snyder - CBRE

This transaction involved key individuals and companies, with Kelli Snyder representing the seller, MetLife Inc, through her agency, CBRE. The buyer, Rexford Industrial, actively engaged in this deal to acquire the specified commercial property, further expanding their portfolio within the Inglewood market.

Players

Kelli Snyder
4 deals$92.9M volume
BROKER

Cushman & Wakefield
BROKERAGE


Details

SOLD
IMAGE: 687 N Eucalyptus Ave, Inglewood, CA... MARKET: Inglewood SELLER'S REP: Kelli Snyder - CBRE BUYER: Rexford Industrial SELLER: MetLife Inc PRICE: $53,900,000.00 SF: 143436

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,874,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$191,495.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$255,513.50
Annual Debt Service$3,066,161.98