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Rexford Industrial Properties Acquires Carson Property For $40.3M

Property Image
SOLD
$40,300,000

California

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Industrial114,572 SF
Sold 11/12/2018
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Property Image
SOLD

Rexford Industrial Properties Acquires Carson Property For $40.3M

Carson, CA, USA

See Similar Deals
Industrial114,572 SF
Sold 11/12/2018
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$351
Total Square Footage:114,572 SF
Transaction Type:Sale

Carson's real estate market saw a significant transaction take place on November 12, 2018. Rexford Industrial Properties, a prominent player in the industrial property sector, acquired a property from Shea Properties for a total price of $40,300,000. The property, located in Carson, spans a generous 114,572 square feet, resulting in a purchase price per square foot of $351.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $40,300,000
  • Square Footage: 114,572
  • Price per Square Foot: $351
  • Buyer: Rexford Industrial Properties
  • Seller: Shea Properties

This transaction proves the bustling real estate market in Carson, as both parties involved, Rexford Industrial Properties and Shea Properties, completed the deal successfully. Howard Schwimmer and Michael Frankel represented Rexford Industrial Properties, while Shea Properties had their own representatives.

Players

BUYER

Details

SOLD
IMAGE: Howard Schwimmer and Michael Frankel DATE: 11/12/2018 MARKET: Carson BUYER: Rexford Industrial Properties SELLER: Shea Properties PRICE: $40,300,000 SF: 114,572 ~ PPSF: $351

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$143,177.40
Cash-on-Cash Return-1.27%
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