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Rexford Acquires Miramar Industrial Facility

Los Angeles-based Rexford Industrial Realty, Inc. acquired 9190 Activity Rd., a single-tenant industrial facility in Miramar, CA for approximately $15.55 million from Glendale, CA-based American Realty Advisors. The acquisition was funded with cash on hand.

The distribution facility contains 83,500 square feet on 6.24 acres in Central San Diego and is currently 100%  leased to CED Greentech, a strong credit tenant, with more than six years remaining on its lease term. The property features an abundance of cross-dock loading, low site coverage, new contemporary offices and 22- to 24-foot clearance.

The REIT says it acquired this well-located, best-in-class property at an “attractive initial yield, with longer-term rent upside by capitalizing on excess land and cross-dock loading, ideal for future ecommerce use.”

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at RexfordConnect With American Realty Advisors

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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