Search
 

Rexford Adds Two More to Portfolio

LOS ANGELES—The industrial REIT purchases two industrial properties totaling more than 250,000 square feet for $30.8 million, bringing their year-to-date acquisition volume to $300 million.

By Kelsi Maree Borland | Updated on December 02, 2014

LOS ANGELES—Rexford Industrial has added two more properties to its industrial portfolio. The industrial REIT purchased the two facilities, located at 7900 Nelson Road and 679-691 S Anderson St. and totaling 250,572 square feet, for $30.8 million in two separate off-market transactions.

The Nelson Road facility is the larger of the two properties at 203,082 square feet. Rexford purchased the property form an undisclosed seller for $24.3 million, or $120 per square foot. The property is currently vacant, which has given Rexford the opportunity to reposition the property. Through this renovation, it plans to create a two-tenant facility with additional dock high loading doors. The property already features eight dock-high loading doors and 28- to 30-foot clear heights.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.