Rexford Industrial Realty Acquires Industrial Property In Santa Fe Springs For $210M
9400 Santa Fe Springs Rd Santa Fe Springs, CA 90670, USA
$210,000,000
$352/SF
Building Size
595,304 SF
Asset Type
Industrial
Closing
Jul 24, 2023
AI
Rexford Industrial Realty, Inc., has acquired a fully leased industrial property in Santa Fe Springs, Southern California. The property spans 595,304 square feet and is situated on 22.4 acres of land. It is located at 9400 Santa Fe Springs Road in the highly sought-after market of Santa Fe Springs.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $210,000,000
- Address: 9400 Santa Fe Springs Road
- Market: Santa Fe Springs
- Acres: 22.4
Rexford Industrial Realty, Inc.'s acquisition of this industrial property demonstrates its strategic decision to invest in a property located in the LA - Mid-Counties submarket. This specific submarket is known for its high demand and boasts a low vacancy rate of 1.0%. The acquisition marks a significant move for Rexford Industrial Realty, Inc. in expanding its portfolio in the region.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93