Rexford Industrial Spends $34M on Garden Grove Asset

Rexford Industrial has acquired a 276,585-square-foot, fully occupied, multi-tenant industrial building in Garden Grove for $34 million. The property is located at 12752 to 12822 Monarch Street in Garden Grove, CA.

Built in 1971 with an additional section added in 1980, the property is situated on just over 11 acres and features clear heights of 18 and 22 feet, 346 parking spaces, 14 dock-high spaces, and 11 ground-level doors.

NKF’s co-head of U.S. Capital Markets Kevin Shannon, senior managing director Scott Schumacher, and executive managing directors Ken White, Jeff Read and Bret Hardy represented the seller, Penwood Real Estate and Western Realco. Rexford Industrial was self-represented.