July 20, 2017
Rexford Industrial Realty, Inc. acquired Rancho Pacifica Industrial Park, a nearly 1.2-million-square-foot industrial/flex project in Rancho Dominguez, CA. for $210.5 million. The South Bay property includes six buildings and is situated on more than 56 acres.
Cushman & Wakefield National Industrial Advisory Group’s Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey and Nico Napolitano represented the seller, an unnamed global real estate investment management firm.
Chiate says, “This was really a one-of-a-kind opportunity for an investor to acquire a critical mass of core industrial product situated in one of the most desirable industrial markets in the nation.”
The 99%-leased park was built during 1987 through 1989 at 20001-20021 Rancho Way and 2301-2399 E. Pacifica Place. The property, which is adjacent to the Alameda Intermodal Corridor and near the ports, includes five industrial buildings and one flex building, each residing on its own parcel.
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