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Rexford Industrial Acquires Cold Storage Facility In $18.2M Deal From Guardian Life Insurance Company Of America

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Mark ShafferJeffrey "Jeff" StephensArt RasmussenGary StacheDoug MackAnthony DeLorenzo

$18,200,000

SOLD
$18,200,000
Jeffrey "Jeff" Stephens
Art Rasmussen
+ 3

California

See Similar Deals
Other74,527 SF
Sold 12/20/2018
the dealplayerscompscontact
Traded Logo
Mark ShafferJeffrey "Jeff" StephensArt RasmussenGary StacheDoug MackAnthony DeLorenzo

$18,200,000

SOLD

Rexford Industrial Acquires Cold Storage Facility In $18.2M Deal From Guardian Life Insurance Company Of America

6100 Sheila Street, Commerce, CA 90040, USA

See Similar Deals
Other74,527 SF
Sold 12/20/2018
Jeffrey "Jeff" Stephens
Art Rasmussen
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$244
Total Square Footage:74,527 SF
Transaction Type:Sale

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

Doug Mack
20 deals$251.1M volume
BROKER

Gary Stache
CBRE
33 deals$481.9M volume
BROKER

Anthony DeLorenzo
CBRE
116 deals$2B volume
BROKER

Mark Shaffer
CBRE
38 deals$708.8M volume
BROKER

Jeffrey "Jeff" Stephens
CBRE
1 deal$18.2M volume
BROKER

Art Rasmussen
CBRE
3 deals$114M volume
BROKER

Rexford Industrial
BUYER

Details

SOLD
IMAGE: Jeffrey Stephens, Art Rasmussen, Doug Mack and Anthony DeLorenzo DATE: 12/20/2018 ADDRESS: 6100 Sheila ASSET TYPE: Cold Storage Facility PRICE: $18,200,000 SF: 4.33 acres (188,614) PPSF: $96 BUYER: Rexford Industrial SELLER: Guardian Life Insurance Company of America BROKERS: CBRE - Mark Shaffer, Anthony DeLorenzo, Gary Stache, Doug Mack, Jeff Stephens and Art Rasmussen

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$970,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42