Rexford Industrial Acquires Office Buildings In San Diego From CUBIC Corporation For $200M

Rexford Industrial has acquired an office property in San Diego for a total of $200,000,000. The property, located at 9323 – 9333 Balboa Avenue and 4285 Ponderosa Avenue, spans a total of 513,880 square feet. With a price per square foot of $389, this transaction marks a significant investment for Rexford Industrial in the San Diego market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $200,000,000
• Address: 9323 – 9333 Balboa Avenue, 4285 Ponderosa Avenue
• Market: San Diego
• Buyer: Rexford Industrial
• Seller: CUBIC Corporation
• Seller's Representative: Matthew (Matt) Carlson, Hunter Rowe, Camille Doan & Will Pike - CBRE
• Square Footage: 513,880
• Price Per Square Foot: $389

The acquisition was facilitated by CBRE, with Matthew (Matt) Carlson, Hunter Rowe, Camille Doan, and Will Pike representing the seller, CUBIC Corporation. This strategic investment allows Rexford Industrial to expand its portfolio in the San Diego market and positions them for potential future growth opportunities.