Updated Dec 2, 2024
Rexford Industrial Acquires Cold Storage Facility In $18.2M Deal From Guardian Life Insurance Company Of America
6100 Sheila Street, Commerce, CA 90040, USA
$18,200,000
$244/SF
Building Size
74,527 SF
Asset Type
Other
Closing
Dec 19, 2018
About this deal
AI
6100 Sheila, a cold storage facility, was sold on December 20, 2018 for a total price of $18,200,000. The property spans 4.33 acres (188,614 square feet) and was sold at a rate of $96 per square foot. The buyer of this property was Rexford Industrial, while the seller was Guardian Life Insurance Company of America.
Summary of transaction details
- Property Type: Cold Storage Facility
- Transaction Amount: $18,200,000
- Address: 6100 Sheila
- Size: 4.33 acres (188,614 square feet)
- Price per Square Foot: $96
CBRE represented both parties in this deal. Mark Shaffer, Anthony DeLorenzo, Gary Stache, Doug Mack, Jeff Stephens, and Art Rasmussen served as the brokers for this transaction.
Players
Commerce Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93