Rexford Industrial Realty, Inc. has announced the acquisition of four infill Southern California industrial properties for an aggregate purchase price of $164 million. The buildings are located in the LA submarkets of Compton, CA and Panorama City, CA, another property in the Inland Empire city of Ontario, CA and the fourth located in Fullerton, CA in Orange County.

“These investments acquired through off-market transactions reflect our teams ability to leverage its regional sharpshooter advantage and value-add expertise with infill Southern California, the nation’s lowest-supply and highest-demand industrial market,” said Rexford Industrial’s Co-CEO’s Howard Schwimmer and Michael Frankel.

CBRE Vice President Michael Bogle, who represented Rexford Industrial in the $90 million Panorama City acquisition, said, “This property sold at record pricing because of the low vacancy rate in the area and the quality of the tenant and the building. They have made an incredible amount of improvements to the space and are leasing it long term.”

Pictured: Panorama City Property