Rexford Industrial has acquired eight industrial properties in infill Southern California markets for $205 million. The purchases were made with cash on hand in February and March. Rexford will execute a value-add strategy on the properties, the firm's typical investment strategy.

Rexford acquired 13700-13738 Slover Avenue in Fontana for $13.2 million. The company plans to redevelop the 4.2-acre site, with plans to develop a 95,000-square-foot single-tenant warehouse building with high-visibility and frontage along Interstate-10 freeway. The deal will generate a 6.6% unlevered stabilized cash yield on total investment.

21415-21605 Plummer Street in Chatsworth was acquired for $42 million in an off-market deal. Like the above acquisition, this is a redevelopment play. Rexford will demolish the existing 231,769 square feet of flex/office space and develop two class-A, 32-foot-clear warehouse buildings totaling 182,000 square feet on the 9.1 acre industrial-zoned site.