Updated Dec 2, 2024
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
About this deal
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.
On the Map
$53,900,000
$375/SF
Industrial
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Players
Inglewood 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93