Updated Sep 14, 2026
Howard Schwimmer Of S5 Industrial Realty Inc Acquires Warehouse In Santa Fe Springs For $8.75M
10400 Pioneer Boulevard
$8,750,000
$180/SF
Building Size
48,481 SF
Asset Type
Warehouse
Closing
Sep 1, 2026
About this deal
AI
A warehouse located at 10400 Pioneer Boulevard in Santa Fe Springs was sold for $8,750,000. The property has a total square footage of 48,481, with a price per square foot of $180.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $8,750,000
- Address: 10400 Pioneer Boulevard
- Market: Santa Fe Springs
- Square Footage: 48,481
- Price Per Square Foot: $180
- Buyer: Howard Schwimmer - S5 Industrial Realty, Inc
- Seller: Larry Russ
- Broker: Jesse Laikin & Joshua Schwartz - LA Commercial
This transaction marks Howard Schwimmer's first closing under his new company, S5 Industrial Realty, Inc. Schwimmer is noted as the founder and former co-CEO of Rexford Industrial Realty.
On the Map
$8,750,000
$180/SF
Warehouse
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Santa Fe Springs Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93