Acquisition: Warehouse Investor Buys Industrial Park in Southern California

October 30, 2020
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Photo Credit: NKF

Photo Credit: NKF

Source: Commercial Observer

 

A warehouse investor has purchased a large industrial park in northern Los Angeles for $22 million.


Where is it happening?
Sylmar, Calif.

 

Who is Involved?
Buyer: Rexford Industrial realty
Seller: Oaktree Capital Management / Intertex Companies

 

When is it happening?
The transaction has already been completed.


Why is it Important?
Besides representing the second major acquisition made by the firm in Los Angeles County within the past year, this property is also ripe for redevelopment.


Key Aspects?
56% leased at the time of sale


Project Specs?
140,837 square-feet of space

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