Rexford Nabs Two Properties Adjacent to Three in Its Portfolio

Colliers arranged the sale of two off-market, fully-leased single-tenant industrial assets in the Santa Clarita Valley totaling $38,000,000. The firm represented both the buyer, Rexford Industrial, and the undisclosed seller in the disposition of the two properties adjacent to three others in Rexford’s portfolio.

Matt Dierckman, David Harding, Greg Geraci and Billy Walk of Colliers assisted Rexford in securing the targeted assets with the benefit of long-term cash flow, a flexible close date for the seller and future repositioning potential.

“The long-term lease on these assets provides the buyer with the secure cash flow they were looking for,” said Dierckman. “This stability, combined with the added benefit of owning the three other adjacent properties, puts Rexford in an excellent position for the future. We’re pleased to have facilitated this transaction quickly and efficiently, giving both parties an ideal outcome.”

Located at 27712 and 27756 Avenue Mentry in California’s Santa Clarita Valley, the site comprises 220,753 square feet and 9.1 acres.

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