Rexford Industrial Acquires Industrial Property In Panorama City For $25M

Rexford Industrial has acquired an industrial property located at 7815 Van Nuys Blvd. in Panorama City. The property spans 140,000 square feet and was sold for a total price of $25,000,000. This translates to a price per square foot of $178. The sale transaction was completed on April 19, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $25,000,000
• Address: 7815 Van Nuys Blvd.
• Market: Panorama City

Chris Comfort of Apex Properties represented the buyer, Rexford Industrial, in this transaction. On the other hand, the seller, Marc Myers and Scott Myers, were not represented by any broker. The acquisition of this industrial property was facilitated by Howard Schwimmer, who served as Rexford Industrial's representative in the deal.