Rexford Industrial has closed another stellar round of acquisitions in Southern California. In July and August, the firm acquired three value-add industrial properties totaling $115.2 million. The transactions bring the firm's 2021 investment acquisition activity to $585 million. The three properties were purchased with cash-on-hand.

The three properties include a 5.8-acre redevelopment site, a 107,023-square-foot industrial building and a 22.3-acre industrial outdoor storage site. All three properties are located in infill Southern California markets.

The 5.8-acre development site is located at 1901 Via Burton in Fullerton. Rexford purchased the property for $24.2 million. It plans to build a 139,000-square-foot warehouse with 36-foot clear height and a secure storage yard, and it anticipated the stabilized unlevered cash yield on total investment is projected to be approximately 5.5% upon lease-up.