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California  + San Diego  + Industrial  | 

Rexford Snags Three SoCal Industrial Assets for $33.8M, Divests Another

Rexford Industrial Realty, Inc. acquired three industrial properties in SoCal for roughly $33.8 million and disposed another for $4.5 million. The acquisitions with undisclosed parties were funded through a combination of cash on hand, use of the REIT’s existing line of credit, as well as the re-investment of disposition proceeds.

The largest of the deals was the acquisition of 4039 Calle Platino, a 143,274-square-foot building in Oceanside, CA for $20 million (pictured). The asset sits on 9.54 acres of land, and is currently 100% leased to four tenants at in-place rents that are meaningfully below market. Lee & Associates’ Tim Moore represented the seller, 6th & K Ltd of San Diego. CBRE’s Adam Molnar and Greg Lewis represented the buyer.

The company also acquired 851 Lawrence Dr., a vacant 49,976-square-foot building in Thousand Oaks, CA for $6.6 million, and 1581 North Main St., a 100% leased 39,661-square-foot property in Orange, CA for $7.2 million. Rexford sold 200-220 South Grand Ave., a 27,200-square-foot building in Santa Ana, CA for roughly $4.5 million.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at RexfordConnect With CBRE’s MolnarConnect With Lee & Associates’ Moore

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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