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California  + Los Angeles  + Industrial  | 

Rexford Forks Over $210M for LA Mid-Counties Industrial

Rexford Industrial Realty, Inc. acquired 9400 Santa Fe Springs Rd. in Santa Fe Springs, located in the LA – Mid-Counties submarket for $210 million, or $353 per square foot. The seller wasn’t disclosed. The acquisition was funded using proceeds from forward equity settlements; Rexford now has approximately $448 million remaining for settlement.

“Our year-to-date investment activity demonstrates Rexford Industrial’s unique ability to leverage our proprietary market access and value-creation strategies to drive accretive cash flow and net asset value growth within our infill Southern California market, the nation’s largest and highest-demand industrial market,” said co-CEOs Howard Schwimmer and Michael Frankel

The two-building property was built in 1979. Situated on 22.4 acres and 100% leased to two tenants, the 595,304-square-foot asset delivers a high degree of functionality within a submarket demonstrating an extreme scarcity of similar size and quality available product, according to Rexford.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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