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Rexford Completes $63M Industrial Portfolio Deal
Rexford Industrial Realty, Inc. acquired a four-property industrial portfolio for approximately $62.7 million. The deal includes a pair of 100% leased Ontario, CA properties, 302 S. Rockefeller Ave. for $14.5 million…and 4355 E. Brickell St. for $13.1 million.
The properties are in the Inland Empire – West submarket, with the S. Rockefeller Avenue property containing 99,282 square feet on 5.34 acres of land, and the E. Brickell Street property containing 95,644 square feet on 5.76 acres of land.
Rexford’s Howard Schwimmer says, “These acquisitions contribute 416,843 square feet of 100% leased product in prime, supply-constrained infill Southern California, with favorable NOI growth potential as below-market in-place leases roll over the next 20 months.” He noted the company closed the year with $667 million of acquisitions, and recycled approximately $99 million of capital through dispositions.
The company also acquired 12622-32 Monarch St. in Garden Grove, CA for $20.5 million, and 8315 Hanan Way in Pico Rivera, CA for $14.5 million.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


