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687 N Eucalyptus Ave, Ingle...

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

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

687 N Eucalyptus Ave, Inglewood, CA...

$53,900,000

$375/SF

Building Size

143,436 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

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

CBRE

Broker

$92.9M

vol

4 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Rexford Industrial
Rexford IndustrialBuyer

Inglewood Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93