Rexford Industrial Realty Acquires Industrial Property In Long Beach For $24M

The industrial property located at 701-733 W. Anaheim St. in Long Beach has been sold in a closed transaction. The property has a total size of 123,532 square feet. The sale took place on March 24, 2022. The property was purchased by Rexford Industrial Realty, with Howard Schwimmer and Michael Frankel representing the buyer. The seller in the transaction was RPG 14. The transaction was facilitated by Kevin Shannon, Bret Hardy, Scott Schumacher, and Ken White from Newmark. The sale price for the property was $24,000,000, resulting in a price per square foot of $194.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $24,000,000
• Address: 701-733 W. Anaheim St., Long Beach
• Market: Long Beach

The buyer, Rexford Industrial Realty, was represented by Howard Schwimmer and Michael Frankel. On the other hand, RPG 14 acted as the seller in the deal. The transaction was facilitated by Kevin Shannon, Bret Hardy, Scott Schumacher, and Ken White from Newmark. The property was sold at a price of $24,000,000, resulting in a price per square foot of $194.