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Rexford Acquires Two SoCal Industrial Properties for $127M
Los Angeles-based Rexford Industrial Realty, Inc. acquired two industrial properties for $127.1 million. The largest of the deals was an off-market acquisition of 5300 Sheila St. in Commerce, CA for $121 million. The seller was unnamed.
The infill property contains a 100% leased, 695,120-square-foot industrial building situated on 35.83 acres. The building comprises 36-foot maximum clear heights, 118 cross-dock loading positions, and nearly four acres of excess land accommodating storage of up to 435 trailer / containers. The property is leased at a below-market rent on a long-term triple-net lease to a high-quality, credit tenant.
Rexford also acquired 1190 E. Stanford Ct. for $6.08 million. The 100%-leased modern, highly-functional 24-foot clear building contains 34,494 square feet on 1.46 acres.
The REIT also disposed of two properties in Ontario for $9.1 million, including 1910 and 1920 S. Archibald Ave.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


