Robert Fordi Of Realterm Acquires Industrial Property Leased To Home Depot In Pico Rivera

A four-acre industrial property has been acquired at 8542 Slauson Avenue in Pico Rivera. The total square footage of the asset is 24,660, which includes 16,300 square feet designated for storage and 8,360 square feet for office use. The site was previously owned by Rexford Industrial, which sold the property for $9 million in 2017.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Square Footage: 24,660
• Address: 8542 Slauson Avenue
• Market: Pico Rivera
• Buyer: Robert Fordi - Realterm
• Seller: Howard Schwimmer - Rexford Industrial
• Leased to: Home Depot
• Year Last Sold: 2017

Robert Fordi represented Realterm in the acquisition of this industrial property, while Howard Schwimmer represented Rexford Industrial in the transaction. The details surrounding the terms of the latest deal have not been disclosed.