Rexford Nabs Another 307K-SF Industrial Near LAX

A 307,487-square-foot fully leased multi-tenant industrial property at 4240 W. 190th St. in Torrance recently sold to Rexford Industrial Realty. The facility features significant dock-high and grade-level loading, a large yard area and future rail-service potential.

The building sits on 11.4 acres in the South Bay, one of the leading industrial submarkets in the world. The property is near the two busiest seaports in North America, LAX, the fourth ranked airport in the U.S. for cargo volume, with immediate access to Interstates 405 and 110.

The region holds a vacancy rate of less than 1 percent with access to 6 million residents within in a 20-mile radius. Land is extremely limited for new industrial development.

The Klabin Company/ CORFAC International’s David Prior, Todd Taugner and Frank Schulz represented the seller, ZKS Real Estate Partners LLC. The team also included a group of Newmark capital markets experts who served as institutional investment contacts, Bret Hardy, Andrew Briner, Kevin Shannon, Jim Linn and Scott Schumacher.

“We were involved with this sale because of our history with the property,” said Prior. “We sold the building to ZKS in 1995 and have marketed it for them ever since. Just last year we finalized a lease extension with the primary tenant in the building, so we are extremely familiar with the property and its history, which was very helpful to the buyer, Rexford Industrial.”

The sales price was undisclosed.