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Rexford Acquires Four Assets for $70M
Rexford Industrial Realty, Inc. acquired four industrial properties in SoCal for roughly $69.6 million. The company’s strategy is to recycle capital into accretive high-quality, leased industrial product. The acquisitions were funded using cash on hand, draws on Rexford’s line of credit, and proceeds from two dispositions totaling $30.6 million.
The acquisition transactions included 687 Eucalyptus Ave. (pictured), a 143,436-square-foot single tenant industrial building on 6.79 acres in Inglewood, 100% leased to Federal Express Corporation for $53.9 million; Gardena, a two-property portfolio consisting of 15401 S. Figueroa St. and 13225 S. Western Ave. located in Gardena for $6.7 million;
and 8542 Slauson Ave., a 4.24-acre improved land site in Pico Rivera for $9 million.
The REIT also sold 12345 First American Way in San Diego for roughly $7.6 million, and divested 9401 DeSoto Ave., in the Chatsworth area of the San Fernando Valley, for $23 million.
Year to date, Rexford’s acquisition activity has exceeded $600 million.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


