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Rexford Acquires Two SoCal Industrial Properties for $30M
Rexford Industrial Realty, Inc. bought two industrial properties in SoCal for a combined $30.3 million. The acquisitions were funded using cash on hand.
Rexford’s Howard Schwimmer says, “Acquired through off-market transactions by leveraging our extensive local relationships and proprietary research, both of these properties are fully leased, providing immediate cash flow as well as longer term value-add opportunities to increase cash flow.”
In a sale-leaseback transaction, the REIT acquired 15835 Oxnard St., a 71,467-square-foot single tenant industrial property in the San Fernando Valley for $16.8 million (pictured). The asset is positioned within the high-demand Van Nuys submarket, featuring a 24-foot clear-height building with a thousand feet of freeway frontage along the I-405, and substantive excess paved land.
Rexford also acquired 19100 South Susana Rd. in Rancho Dominguez in an off-market transaction for $13.5 million. The low-coverage property contains 52,630 square feet on 4.01 acres, and is fully leased to a regional logistics operator.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


