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.
On the Map
$18,200,000
$244/SF
Other
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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