64.4 F
Los Angeles
Friday, Aug 19, 2022
-Advertisement-

Rexford Buys Two Properties for $35M

Brentwood-based Rexford Industrial Realty Inc. has snapped up two industrial properties for $34.4 million.

The purchases, which Rexford announced June 3, were funded using cash on hand.

It brings the company’s year-to-date acquisitions to $463 million.

The first property, at 218 S. Turnbull Canyon Rd. in the City of Industry, sold for $27.1 million. The seller was Clarion Partners, according to CoStarGroup Inc.

The property is 100% leased to a single tenant. It has high ceilings and 44 dock doors. It sits on nearly 9 acres.

The second property is at 9750 San Fernando Rd., in Sun Valley. It sold for $7.4 million. It is also fully leased. It sits on under 3 acres.

Information on the seller was not immediately available.

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans covers real estate for the Los Angeles Business Journal. A USC grad, Madans has done work with publications including The Orange County Register, The Real Deal and doityourself.com.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-