Updated Dec 2, 2024
Rexford Industrial Realty Acquires Industrial Property In Inglewood For $32M
8911 Aviation Boulevard, Inglewood, California 90301, United States
$32,000,000
$341/SF
Building Size
93,800 SF
Asset Type
Industrial
Closing
Jan 23, 2022
About this deal
AI
The industrial property located at 8911 Aviation Boulevard in Inglewood has been sold for a total price of $32,000,000. The property has a total area of 93,800 square feet, resulting in a price per square foot of $341. The transaction took place on January 24, 2022, and involved the buyer, Rexford Industrial Realty, represented by Michael Frankel and Howard Schwimmer, and the seller, Hackman Capital Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Address: 8911 Aviation Boulevard, Inglewood
- Market: Inglewood
- Buyer: Rexford Industrial Realty - Michael Frankel & Howard Schwimmer
- Seller: Hackman Capital Partners
Rexford Industrial Realty, represented by Michael Frankel and Howard Schwimmer, successfully acquired the property from Hackman Capital Partners in the transaction. The industrial property, with its prime location on Aviation Boulevard, offers a total area of 93,800 square feet. The deal, finalized on January 24, 2022, highlights the active commercial real estate market in Inglewood.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93